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On Blockchain We Cooperate: An Evolutionary Game Perspective. (arXiv:2212.05357v1 [econ.GN])
Dec. 13, 2022, 2:10 a.m. | Luyao Zhang, Xinyu Tian
cs.CR updates on arXiv.org arxiv.org
Cooperation is fundamental for human prosperity. Blockchain, as a trust
machine, is a cooperative institution in cyberspace that supports cooperation
through distributed trust with consensus protocols. While studies in computer
science focus on fault tolerance problems with consensus algorithms, economic
research utilizes incentive designs to analyze agent behaviors. To achieve
cooperation on blockchains, emerging interdisciplinary research introduces
rationality and game-theoretical solution concepts to study the equilibrium
outcomes of various consensus protocols. However, existing studies do not
consider the possibility for …
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