Estimating (miner) extractable value is hard, let's go shopping!
The term miner extractable value (MEV) has been coined to describe the value which can be
extracted by a miner, eg, from manipulating the order of transactions within a given …
extracted by a miner, eg, from manipulating the order of transactions within a given …
Parallel proof-of-work with concrete bounds
P Keller, R Böhme - Proceedings of the 4th ACM Conference on …, 2022 - dl.acm.org
Authorization is challenging in distributed systems that cannot rely on the identification of
nodes. Proof-of-work offers an alternative gate-keeping mechanism, but its probabilistic …
nodes. Proof-of-work offers an alternative gate-keeping mechanism, but its probabilistic …
Targeted Nakamoto: A Bitcoin Protocol to Balance Network Security and Energy Consumption
D Aronoff - arXiv preprint arXiv:2405.15089, 2024 - arxiv.org
In a Proof-of-Work blockchain such as Bitcoin mining hashrate is increasing in the block
reward. An increase in hashrate reduces network vulnerability to attack (a reduction in …
reward. An increase in hashrate reduces network vulnerability to attack (a reduction in …
Decentralisation conscious players and system reliability
We propose a game-theoretic model of the reliability of decentralised systems based on
Varian's model of system reliability, to which we add a new normalised total effort case that …
Varian's model of system reliability, to which we add a new normalised total effort case that …