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cs.CR2026
Capital Costs Protect the Network: Mining Gap Dynamics in Proof-of-Work Blockchains Under a Stochastic Mempool
Hasan Selçuk Kılıç, Nail Akar
Proof-of-Work blockchains increasingly rely on transaction fees to keep miners engaged as block subsidies decline. An immediate outcome of this is that miners may sit idle at the s…
cs.CR2024
Double Spending Analysis of Nakamoto Consensus for Time-Varying Mining Rates with Ruin Theory
Mustafa Doger, Sennur Ulukus, Nail Akar
Theoretical guarantees for double spending probabilities for the Nakamoto consensus under the -deep confirmation rule have been extensively studied for zero/bounded network dela…
cs.CR2024
PoW Security-Latency under Random Delays and the Effect of Transaction Fees
Mustafa Doger, Sennur Ulukus, Nail Akar
Safety guarantees and security-latency problem of Nakamoto consensus have been extensively studied in the last decade with a bounded delay model. Recent studies have shown that PoW…