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Game-Theoretic Analysis of Mining Strategy in Bitcoin-NG Blockchain Protocol Taotao Wang, Member, IEEE, Xiaoqian Bai, Hao Wang, Member, IEEE Soung Chang Liew, Fellow, IEEE, Shengli Zhang, Senior Member, IEEE Abstract—Bitcoin-NG, a scalable blockchain protocol, divides each block into a key block and many micro blocks to effectively
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Majority is not Enough: Bitcoin Mining is Vulnerable 1.Introduction of the Sel sh-Mine strategy, which demonstrates that Bitcoin mining is not incentive compatible (Section3). 2.Analysis of Sel sh-Mine, and when it can bene t a pool (Section4). 3.Analysis of majority-pool formation in face of sel sh mining (Section5). 4.A simple backward-compatible progressive modi cation to the Bitcoin pro- How To Invest In Bitcoin: Bitcoin As An Investment Strategy
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