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Autopsy of Ethereum's Post-Merge Reward System. (arXiv:2303.09850v1 [cs.CR])
cs.CR updates on arXiv.org arxiv.org
Like most modern blockchain networks, Ethereum has relied on economic
incentives to promote honest participation in the chain's consensus. The
distributed character of the platform, together with the "randomness" or "luck"
factor that both proof of work (PoW) and proof of stake (PoS) provide when
electing the next block proposer, pushed the industry to model and improve the
reward system of the system. With several improvements to predict PoW block
proposal rewards and to maximize the extractable rewards of the …
block blockchain distributed economic ethereum factor incentives industry merge networks participation platform pos pow predict proof of work randomness system work