A game theoretic analysis of resource mining in blockchain
Abstract
Blockchain and cryptocurrency are a hot topic in today’s digital world. In this paper, we create a game theoretic model in continuous time. We consider a dynamic game model of the bitcoin market, where miners or players use mining systems to mine bitcoin by investing electricity into the mining system. Although this work is motivated by BTC, the work presented can be applicable to other mining systems similar to BTC. We propose three concepts of...
Paper Details
Title
A game theoretic analysis of resource mining in blockchain
Published Date
Jan 24, 2020
Journal
Volume
23
Issue
3
Pages
2035 - 2046
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