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Fee-Redistribution Smart Contracts for Transaction-Fee-Based Regime of Blockchains with the Longest Chain Rule. (arXiv:2302.04910v1 [cs.CR])
cs.CR updates on arXiv.org arxiv.org
In this paper, we review the undercutting attacks in the
transaction-fee-based regime of proof-of-work (PoW) blockchains with the
longest chain fork-choice rule. Next, we focus on the problem of fluctuations
in mining revenue and the mining gap - i.e., a situation, in which the
immediate reward from transaction fees does not cover miners' expenditures.
To mitigate these issues, we propose a solution that splits transaction fees
from a mined block into two parts - (1) an instant reward for the …
attacks blockchains fee focus fork gap miners mining pow problem revenue review smart smart contracts solution transaction work