On the Instability of Bitcoin Without the Block Reward

By M. Weinberg, Arvind Narayanan. Conference on Computer and Communications Security, 2016

406 citations recorded by the source corpus.

Subfields: Information Systems, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/557d145a725e3b29336f004194e1e6bbb17fe8e9

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In Information Systems

In Management Science and Operations Research

Citations in the corpus

SoK: Consensus in the Age of Blockchains (2017, background): “lized networks where members located farther from the leader are at a natural disadvantage. Broadly, incentivization in PoW blockchains has seen some study [87]: major limitations have been identiﬁed [42, 62, 107, 120], and possible solutions have been proposed [140]. Similarly, in the context of pr”
Blockchain without Waste: Proof-of-Stake (2020, neutral): “Carlsten, Kalodner, Weinberg, and Narayanan (2016) conduct equilibrium analysis but only for PoW.”
A Survey on Security and Privacy Issues of Bitcoin (2017, background): “Authors in [29] investigates the possible security issues in Bitcoin that might arise in the absence of block rewards.”
REM: Resource-Efficient Mining for Blockchains (2017, background): “Despite their imperfections [26, 35, 37, 65, 71], blockchains [38, 64, 67] have attracted the interest of the ﬁnancial and technology industries [16, 25, 34, 47, 69, 74] as a way to build a transaction systems with distributed trust.”
Flash Boys 2.0: Frontrunning, Transaction Reordering, and Consensus Instability in Decentralized Exchanges (2019, background): “(Bitcoin fees, by contrast, depend simply on transaction byte lengths.)”
Quantifying Blockchain Extractable Value: How dark is the forest? (2021, background): “In particular, from the 10th to the 11th of August 2020 (Block 10630000-10640000), we identiﬁed 49 smart contract addresses attempting to extract value simultaneously.”
Smart contract applications within blockchain technology: A systematic mapping study (2018, background): “• Ethereum is the largest and most popular platform for building distributed applications, ranging from social networks and identity systems, to prediction markets and many types of financial applications (Colchester, 2018). • Bitcoin is both a system and a cryptocurrency that was first introduced b”
SoK: Decentralized Finance (DeFi) (2021, background): “In an undercutting attack [156], an adversarial miner would fork off a block with high MEV, while holding back some of the extractable value in order to incentivize other miners to direct their computational efforts towards the adversary’s chain.”