When Bitcoin Mining Pools Run Dry - A Game-Theoretic Analysis of the Long-Term Impact of Attacks Between Mining Pools

Bitcoin has established itself as the most successful cryptocurrency with adoption seen in many commercial scenarios. While most stakeholders have jointly benefited from the growing importance of Bitcoin, conflicting interests continue to negatively impact the ecosystem. In particular, incentives to derive short-term profits from attacks on mining pools threaten the long-term viability of Bitcoin.

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