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  <titleInfo>
    <title>Selfish Mining and Dyck Words in Bitcoin and Ethereum Networks</title>
  </titleInfo>
  <name type="personal">
    <namePart>Cyril Grunspan</namePart>
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    <dateIssued encoding="marc">2019</dateIssued>
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  <abstract>The main goal of this article is to present a direct approach for the formula giving the long-term apparent hashrates of Selfish Mining strategies using only elementary probabilities and combinatorics, more precisely, Dyck words. We can avoid computing stationary probabilities on Markov chain, nor stopping times for Poisson processes as in previous analysis. We do apply these techniques to other block withholding strategies in Bitcoin, and then, we consider also selfish mining in Ethereum.</abstract>
  <note>Open access — freely available to read.</note>
  <identifier type="uri">https://arxiv.org/pdf/1904.07675v1</identifier>
  <location>
    <url displayLabel="Read the full paper (PDF)">https://arxiv.org/pdf/1904.07675v1</url>
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  <accessCondition type="restrictionOnAccess">Open access — freely available to read.</accessCondition>
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