Blockchain-based decentralized reward sharing: the case of mining pools

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningfagfællebedømt

We introduce a reciprocity protocol, an innovative approach to coordinating and sharing rewards in blockchains. Inherently decentralized and implementable, it puts emphasis on incentives rather than forcing specific sharing rules from the outset. Analyzing the non-cooperative game the protocol induces, we identify a robust, strict, and Pareto-dominant symmetric equilibrium. In it, even self-centered participants show extensive systemic reciprocity. Thus, despite a setting that is generally unfavorable to reciprocal behavior, the protocol enables users to build trust between themselves by taking on a role akin to a social contract.
OriginalsprogEngelsk
Artikelnummer4
TidsskriftACM Transactions on Economics and Computation
Vol/bind12
Udgave nummer1
Antal sider26
ISSN2167-8375
DOI
StatusUdgivet - 2024

ID: 385897759