Leveraging the Verifier's Dilemma to Double Spend in Bitcoin. (arXiv:2210.14072v1 [cs.CR])

We describe and analyze perishing mining, a novel block-withholding mining
strategy that lures profit-driven miners away from doing useful work on the
public chain by releasing block headers from a privately maintained chain. We
then introduce the dual private chain (DPC) attack, where an adversary that
aims at double spending increases its success rate by intermittently dedicating
part of its hash power to perishing mining. We detail the DPC attack's Markov
decision process, evaluate its double spending success rate using …

bitcoin dilemma