Get an overview of "When Bitcoin mining pools run dry: A game-theoretic analysis of the long-term impact of attacks between mining pools."
Researchers investigate how conflicting interests threaten to negatively impact the bitcoin ecosystem
Bitcoin, a peer-to peer online payment system that was conceived in 2008, has experienced considerable growth in popularity and has increasingly been adopted as a viable payment scheme in mainstream electronic commerce. However, according to researchers, the decentralized and quasi-anonymous nature of Bitcoin renders it vulnerable to self-interested parties that seek to exploit the system.
Join in on the conversation with Heino Døssing when you subscribe to Exponentials.