Model-Based Calculation Method of Mining Fairness in Blockchain
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arXiv
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| Hauptverfasser: | , |
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| Format: | Preprint |
| Veröffentlicht: |
2024
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| _version_ | 1866908525917110272 |
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| author | Sakurai, Akira Shudo, Kazuyuki |
| author_facet | Sakurai, Akira Shudo, Kazuyuki |
| contents | 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 the transaction processing capacity of a blockchain compromises mining fairness, thereby undermining its decentralization. This dilemma remains unresolved despite methods such as the greedy heaviest observed subtree (GHOST) protocol, indicating that mining fairness is an inherent bottleneck in the transaction processing capacity of the blockchain system. However, despite its significance, existing analyses neglect the impact of blockchain forks, resulting in imprecise evaluations and limited insights. To address this issue, we propose a method for calculating mining fairness that explicitly captures the influence of forks. First, we approximate a complex blockchain network using a simple mathematical model, assuming that no more than two blocks are generated per round. Within this model, we quantitatively determine local mining fairness and derive several measures of global mining fairness based on local mining fairness. Subsequently, we validated by blockchain network simulations that our calculation method computes mining fairness in networks much more accurately than existing methods. The proposed method facilitates a rigorous evaluation of trade-offs between scalability and decentralization by offering a clear, quantitative framework for measuring and comparing reward distribution among miners. Consequently, it is expected to provide valuable insights for future mining fairness research and the design of next-generation blockchain systems. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2406_00595 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | Model-Based Calculation Method of Mining Fairness in Blockchain Sakurai, Akira Shudo, Kazuyuki Cryptography and Security 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 the transaction processing capacity of a blockchain compromises mining fairness, thereby undermining its decentralization. This dilemma remains unresolved despite methods such as the greedy heaviest observed subtree (GHOST) protocol, indicating that mining fairness is an inherent bottleneck in the transaction processing capacity of the blockchain system. However, despite its significance, existing analyses neglect the impact of blockchain forks, resulting in imprecise evaluations and limited insights. To address this issue, we propose a method for calculating mining fairness that explicitly captures the influence of forks. First, we approximate a complex blockchain network using a simple mathematical model, assuming that no more than two blocks are generated per round. Within this model, we quantitatively determine local mining fairness and derive several measures of global mining fairness based on local mining fairness. Subsequently, we validated by blockchain network simulations that our calculation method computes mining fairness in networks much more accurately than existing methods. The proposed method facilitates a rigorous evaluation of trade-offs between scalability and decentralization by offering a clear, quantitative framework for measuring and comparing reward distribution among miners. Consequently, it is expected to provide valuable insights for future mining fairness research and the design of next-generation blockchain systems. |
| title | Model-Based Calculation Method of Mining Fairness in Blockchain |
| topic | Cryptography and Security |
| url | https://arxiv.org/abs/2406.00595 |