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Tailstorm: A Secure and Fair Blockchain for Cash Transactions. (arXiv:2306.12206v1 [cs.CR])
cs.CR updates on arXiv.org arxiv.org
Proof-of-work (PoW) cryptocurrencies rely on a balance of security and
fairness in order to maintain a sustainable ecosystem of miners and users.
Users demand fast and consistent transaction confirmation, and in exchange
drive the adoption and valuation of the cryptocurrency. Miners provide the
confirmations, however, they primarily seek rewards. In unfair systems, miners
can amplify their rewards by consolidating mining power. Centralization
however, undermines the security guarantees of the system and might discourage
users.
In this paper we present Tailstorm, …
adoption balance blockchain cash cryptocurrencies cryptocurrency demand drive ecosystem exchange fair fairness fast miners order pow proof rewards security transaction transactions valuation work