This Week in Blockchain Research Issue #61
|zk Capital||Jun 17|
Paper of the Week:
In Bitcoin network, most of the mining power is controlled by mining pools, and most of the hash rate is produced by “mining factories” that equip ASIC mining machines.
Since ASIC mining machines have limited purposes other than mining, the economic behavior of a miner depends on its long- term prediction rather than a short-term benefit.
Hence, it is necessary to analyze long-term incentives that the PoW mechanism gives to each miner and to establish the theory to evaluate the sustainability of the cryptoasset.
The theory is useful not only for miners to determine their strategy but also for protocol designers and business entities to use permissionless blockchains for their applications.
This paper proposes a model that allows dynamic mining algorithms by formulating the economics of mining as a binomial tree model for the probabilistic return from mining reward minus cost, while a Poisson process triggers the growth of the binomial tree.
Results show that the proposed model is a generalization of the existing Poisson reward model.
Authors: Go Yamamoto*, Aron Laszka†, and Fuhito Kojima*,
1. Paper Title: Flood & Loot: A Systemic Attack On The Lightning Network.
Summary: An attack in which an attacker can successfully steal funds from nodes on the Lightning Network.
Affiliations: * The Hebrew University of Jerusalem.
2. Paper Title: Reputable List Curation from Decentralized Voting.
Summary: A formal cryptographic treatment of token-curated registries, including a model capturing their requirements and a provably secure construction.
1. Paper Title: On the Confidentiality of Amounts in Grin.
Summary: An empirical analysis of the confidentiality of amounts in the Grin blockchain which takes the transaction graph into account.
Affiliations: * Indian Institute of Technology.
1. Paper Title: Rational Behavior in Committee-Based Blockchains.
Summary: This work analyzes the behavior of rational players in committee-based blockchains under assumptions of synchrony of messages and under different mechanisms of rewards.
Authors: Yackolley Amoussou-Guenou*†, Bruno Biais‡, Maria Potop-Butucaru†, Sara Tucci-Piergiovanni*,
Summary: This work attempts to trace the true historical genesis of blockchain. It explores possible connections among the long-established REA and TEA frameworks, and the nascent blockchain technology.
2. Paper Title: Economics of Permissioned Blockchain Adoption.
Summary: An economic framework for understanding the incentives of the participants of a permissioned blockchain for supply chains and other related industries.
3. Paper Title: Can Antitrust Trust Blockchain?
Summary: DLT is not immune from government forms of regulation, including antitrust.
Authors: Giovanna Massarotto*,
Affiliations: * UCL Centre for Blockchain Technologies.
4. Paper Title: Digital Asset Market Evolution.
Summary: This work examines data trends and their underlying causes in the evolution of the market for digital assets.
Authors: Wulf A. Kaal*
Affiliations: * University of St. Thomas.
5. Paper Title: Can Digital Technologies Speed up Real Estate Transactions?
Summary: This study presents a structured investigation of the most important causes for delay in commercial real estate transactions.
Authors: Andrew Bauma*, Andrew Saulla*, and Fabian Braesemann*,
Affiliations: * University of Oxford.
Summary: This paper analyses the impact of distributed ledger technologies and blockchain on monetary and payment systems.
Conferences, Journals, & CFPs:
October 21-23 - The second ACM conference on Advances in Financial Technologies (AFT’20) (New York City)
This newsletter is for informational purposes only. This content does not in any way constitute an offer or solicitation of an offer to buy or sell any investment solution or recommendation to buy or sell a security; nor it is to be taken as legal, business, investment, or tax advice. In fact, none of the information in this or other content on zk Capital should be relied on in any manner as advice. None of the authors, contributors, or anyone else connected with zk Capital, in any way whatsoever, can be responsible for your use of the information contained in this newsletter.