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Analysis of interaction between miner decision making and user action for incentive mechanism of bitcoin blockchain
http://hdl.handle.net/10061/0002000350
http://hdl.handle.net/10061/0002000350124684ab-c28c-4f1f-a1b8-a927b6842d1c
| アイテムタイプ | 学術雑誌論文 / Journal Article(1) | |||||||
|---|---|---|---|---|---|---|---|---|
| 公開日 | 2024-05-21 | |||||||
| タイトル | ||||||||
| タイトル | Analysis of interaction between miner decision making and user action for incentive mechanism of bitcoin blockchain | |||||||
| 言語 | ||||||||
| 言語 | eng | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | bitcoin | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | blockchain | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | incentive mechanism | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | decision making | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | nash equilibrium | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | newly issued coin | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | security | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | confirmation latency | |||||||
| 資源タイプ | ||||||||
| 資源タイプ | journal article | |||||||
| アクセス権 | ||||||||
| アクセス権 | open access | |||||||
| 著者 |
Hiraide, Takumi
× Hiraide, Takumi
× 笠原, 正治 |
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| 抄録 | ||||||||
| 内容記述タイプ | Abstract | |||||||
| 内容記述 | In Bitcoin blockchain, miner nodes are likely to choose transactions with high fee to be included in a block. This makes transactions with high fee being processed fast, affecting the amount of transaction fee that users want to pay. The reward for a winning miner consists of transaction fee and newly issued coins, and hence the amount of newly issued coins also affects the miner decision to participate in the mining competition. In addition, mining reward also affects the total hash computing power, which plays an important role of Bitcoin security for reducing the success probability of security attack by a malicious miner. In this paper, we develop a mathematical model for analyzing the interaction between miner decision making and user actions in terms of transaction fees, transaction-confirmation time, and security. We analyze the transaction-inclusion process with queueing theory, while decision making processes of miners and users are analyzed in the context of Nash equilibrium. The numerical examples show how the mining costs and newly issued coins affect miner decision making. | |||||||
| 書誌情報 |
en : Frontiers in Blockchain 巻 6, 発行日 2023-02-16 |
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| 出版者 | ||||||||
| 出版者 | Frontiers Media | |||||||
| ISSN | ||||||||
| 収録物識別子タイプ | EISSN | |||||||
| 収録物識別子 | 2624-7852 | |||||||
| 出版者版DOI | ||||||||
| 関連タイプ | isReplacedBy | |||||||
| 識別子タイプ | DOI | |||||||
| 関連識別子 | https://doi.org/10.3389/fbloc.2023.1067628 | |||||||
| 出版者版URI | ||||||||
| 関連タイプ | isReplacedBy | |||||||
| 識別子タイプ | URI | |||||||
| 関連識別子 | https://www.frontiersin.org/articles/10.3389/fbloc.2023.1067628/full | |||||||
| 権利 | ||||||||
| 権利情報Resource | http://creativecommons.org/licenses/by/4.0/ | |||||||
| 権利情報 | $00A9 2023 Hiraide and Kasahara. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms. | |||||||
| 著者版フラグ | ||||||||
| 出版タイプ | NA | |||||||
