IEICE TRANSACTIONS on Fundamentals
A New Attack Scheme on the Bitcoin Reward System
Summary :
The reward of the Bitcoin system is designed to be proportional to miner's computational power. However, rogue miners can increase their rewards by using the block withholding attacks. For raising awareness on the Bitcoin reward system, a new attack scheme is proposed, where the attackers infiltrate into an open pool and launch the selfish mining as well as the block withholding attack. The simulation results demonstrate that the proposed attack outperforms the conventional block withholding attacks.
- Publication
- IEICE TRANSACTIONS on Fundamentals Vol.E102-A No.1 pp.300-302
- Publication Date
- 2019/01/01
- Publicized
- Online ISSN
- 1745-1337
- DOI
- 10.1587/transfun.E102.A.300
- Type of Manuscript
- LETTER
- Category
- Cryptography and Information Security
Authors
Jaewoo SO
Sogang University
Keyword
Latest Issue
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Jaewoo SO, "A New Attack Scheme on the Bitcoin Reward System" in IEICE TRANSACTIONS on Fundamentals,
vol. E102-A, no. 1, pp. 300-302, January 2019, doi: 10.1587/transfun.E102.A.300.
Abstract: The reward of the Bitcoin system is designed to be proportional to miner's computational power. However, rogue miners can increase their rewards by using the block withholding attacks. For raising awareness on the Bitcoin reward system, a new attack scheme is proposed, where the attackers infiltrate into an open pool and launch the selfish mining as well as the block withholding attack. The simulation results demonstrate that the proposed attack outperforms the conventional block withholding attacks.
URL: https://global.ieice.org/en_transactions/fundamentals/10.1587/transfun.E102.A.300/_p
Copy
@ARTICLE{e102-a_1_300,
author={Jaewoo SO, },
journal={IEICE TRANSACTIONS on Fundamentals},
title={A New Attack Scheme on the Bitcoin Reward System},
year={2019},
volume={E102-A},
number={1},
pages={300-302},
abstract={The reward of the Bitcoin system is designed to be proportional to miner's computational power. However, rogue miners can increase their rewards by using the block withholding attacks. For raising awareness on the Bitcoin reward system, a new attack scheme is proposed, where the attackers infiltrate into an open pool and launch the selfish mining as well as the block withholding attack. The simulation results demonstrate that the proposed attack outperforms the conventional block withholding attacks.},
keywords={},
doi={10.1587/transfun.E102.A.300},
ISSN={1745-1337},
month={January},}
Copy
TY - JOUR
TI - A New Attack Scheme on the Bitcoin Reward System
T2 - IEICE TRANSACTIONS on Fundamentals
SP - 300
EP - 302
AU - Jaewoo SO
PY - 2019
DO - 10.1587/transfun.E102.A.300
JO - IEICE TRANSACTIONS on Fundamentals
SN - 1745-1337
VL - E102-A
IS - 1
JA - IEICE TRANSACTIONS on Fundamentals
Y1 - January 2019
AB - The reward of the Bitcoin system is designed to be proportional to miner's computational power. However, rogue miners can increase their rewards by using the block withholding attacks. For raising awareness on the Bitcoin reward system, a new attack scheme is proposed, where the attackers infiltrate into an open pool and launch the selfish mining as well as the block withholding attack. The simulation results demonstrate that the proposed attack outperforms the conventional block withholding attacks.
ER -
English
