An Eye for an Eye: Economics of Retaliation in Mining Pools
An Eye for an Eye: Economics of Retaliation in Mining Pools
复制标题
以眼还眼:矿池报复的经济学
DOI:
10.1145/3318041.3355472
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发表时间:
2019
期刊:
影响因子:
--
通讯作者:
Yongdae Kim
中科院分区:
文献类型:
--
作者:
Yujin Kwon;Hyoungshick Kim;Yung Yi;Yongdae Kim
Currently, miners typically join mining pools to solve cryptographic puzzles together, and mining pools are in high competition. This has led to the development of several attack strategies such as block withholding (BWH) and fork after withholding (FAW) attacks that can weaken the health of PoW systems and but maximize mining pools' profits. In this paper, we present strategies called Adaptive Retaliation Strategies (ARS) to mitigate not only BWH attacks but also FAW attacks. In ARS, each pool cooperates with other pools in the normal situation, and adaptively executes either FAW or BWH attacks for the purpose of retaliation only when attacked. In addition, in order for rational pools to adopt ARS, ARS should strike to an adaptive balance between retaliation and selfishness because the pools consider their payoff even when they retaliate. We theoretically and numerically show that ARS would not only lead to the induction of a no-attack state among mining pools, but also achieve the adaptive balance between retaliation and selfishness.