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cs.CR2026
Near-Tight Theoretical Bounds for Incentive Compatibility in Bitcoin Mining
Akira Sakurai, Taishi Nakai, Kazuyuki Shudo
When is honest Bitcoin mining rational? This question is central to the incentive design of proof-of-work blockchains. Sapirshtein et al. computationally derived near-tight lower a…
cs.CR2026
On the Incentive Compatibility of Block Propagation in Bitcoin
Fumichika Maeda, Akira Sakurai, Taishi Nakai +1
Bitcoin is permissionless and does not rely on any central administrator, which gives it strong censorship resistance. At the same time, it is important to incentivize miners to be…