Fully Automated Selfish Mining Analysis in Efficient Proof Systems Blockchains

arXiv:2405.04420v1 Announce Type: new
Abstract: We study selfish mining attacks in longest-chain blockchains like Bitcoin, but where the proof of work is replaced with efficient proof systems -- like proofs of stake or proofs of space -- and consider the problem of computing an optimal selfish mining attack which maximizes expected relative revenue of the adversary, thus minimizing the chain quality. To this end, we propose a novel selfish mining attack that aims to maximize this objective and formally model …

analysis arxiv attack attacks automated bitcoin blockchains computing cs.cr mining problem proof proof of work space stake study systems work