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Proposed mitigations of monopolizing activities in mining
- A miner could interact directly with a block to prevent selfish miner interference.
- A cryptocurrency could use a new hash puzzle that would protect against other miners until it gains traction.
- Regulation could involve tracking of specific mining pools and their interaction with real-world markets.
- The protocol of Bitcoin could be changed to cause selfish miners to require more of the market in order to be profitable.
- It can be possible to approximate widely used methods of market concentration, which could then be compared to baseline values to see any discrepancies.
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Updated 2022-04-13
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Cryptoeconomics
Economics
Social Science
Empirical Science
Science