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honest mining pepe unchain Bnb Eth XRP crypto futures coinbase futures binance futures

Are miners incentivized to conduct honest mining?

Therefore, miners exhibit malicious behaviors which cause a waste of distributed computation resource, even posing a threat on the efficiency of blockchain networks. In this brief, we propose a new reputation-based mechanism for the PoW computation in the blockchain, in which miners are incentivized to conduct honest mining.

Can insightful mining counteract selfish mining?

In this paper, first, we propose a strategy called insightful mining to counteract selfish mining. By infiltrating an undercover miner into the selfish pool, the insightful pool could acquire the number of its hidden blocks.

What is a selfish mining attack?

The selfish mining attack, arguably the most famous game-theoretic attack in blockchain, indicates that the Bitcoin protocol is not incentive-compatible. Most subsequent works mainly focus on strengthening the selfish mining strategy, thus enabling a single strategic agent more likely to deviate.

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