000 00991nam a2200169 a 4500
005 20260901030338.0
008 250101s2019 xx o 000 0 eng d
100 1 _aCyril Grunspan
245 1 0 _aSelfish Mining and Dyck Words in Bitcoin and Ethereum Networks
264 1 _barXiv
_c2019
336 _atext
338 _aonline resource
520 _aThe 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.
506 0 _aOpen access — freely available to read.
856 4 0 _uhttps://arxiv.org/pdf/1904.07675v1
_yRead the full paper (PDF)
942 _cERES
999 _c656
_d656