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Mining competition in a multi-cryptocurrency ecosystem at the network edge: a congestion game approach

Published: 25 January 2019 Publication History

Abstract

We model the competition over several blockchains characterizing multiple cryptocurrencies as a non-cooperative game. Then, we specialize our results to two instances of the general game, showing properties of the Nash equilibrium. In particular, leveraging results about congestion games, we establish the existence of pure Nash equilibria and provide efficient algorithms for finding such equilibria.

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Published In

cover image ACM SIGMETRICS Performance Evaluation Review
ACM SIGMETRICS Performance Evaluation Review  Volume 46, Issue 3
December 2018
174 pages
ISSN:0163-5999
DOI:10.1145/3308897
Issue’s Table of Contents
Permission to make digital or hard copies of part or all of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for third-party components of this work must be honored. For all other uses, contact the Owner/Author.

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Association for Computing Machinery

New York, NY, United States

Publication History

Published: 25 January 2019
Published in SIGMETRICS Volume 46, Issue 3

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  • (2022)Parametrized Inexact-ADMM based coordination games: A normalized Nash equilibrium approachEuropean Journal of Operational Research10.1016/j.ejor.2021.04.047296:2(696-716)Online publication date: Jan-2022
  • (2022)Overview of Edge Intelligence and BlockchainIntegrating Edge Intelligence and Blockchain10.1007/978-3-031-10186-1_2(9-31)Online publication date: 30-Jun-2022
  • (2021)Game of Coins2021 IEEE 41st International Conference on Distributed Computing Systems (ICDCS)10.1109/ICDCS51616.2021.00095(954-964)Online publication date: Jul-2021
  • (2021)Utility Maximisation in the Coordinator-Less IOTA TangleUbiquitous Networking10.1007/978-3-030-86356-2_8(93-104)Online publication date: 19-May-2021
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  • (undefined)A Structural Analysis of Bitcoin Cash's Emergency Difficulty Adjustment AlgorithmSSRN Electronic Journal10.2139/ssrn.3383739

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