6 papers
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…
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…
Model-Based Calculation Method of Mining Fairness in Blockchain
Akira Sakurai, Kazuyuki Shudo
Mining fairness in blockchain refers to equality between the computational resources invested in mining and the block rewards received. There exists a dilemma wherein increasing th…
The Rich Get Richer in Bitcoin Mining Induced by Blockchain Forks
Akira Sakurai, Kazuyuki Shudo
Bitcoin is a representative decentralized currency system. For the security of Bitcoin, fairness in the distribution of mining rewards plays a crucial role in preventing the concen…
FiberPool: Leveraging Multiple Blockchains for Decentralized Pooled Mining
Akira Sakurai, Kazuyuki Shudo
The security of blockchain systems based on Proof of Work relies on mining. However, mining suffers from unstable revenue, prompting many miners to form cooperative mining pools. M…
A Fully Local Last-Generated Rule in a Blockchain
Akira Sakurai, Kazuyuki Shudo
An effective method for suppressing intentional forks in a blockchain is the last-generated rule, which selects the most recent chain as the main chain in the event of a chain tie.…