MoneroResearch.info |
Resource type: Proceedings Article ID no. (ISBN etc.): 978-3-662-58820-8 BibTeX citation key: Bonneau2019 View all bibliographic details |
Categories: Not Monero-focused Creators: Bonneau, Bracciali, Clark, Eyal, Pintore, Sala, Teague, Zohar Publisher: Springer Berlin Heidelberg Collection: Financial Cryptography and Data Security |
Views: 81/3157
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Attachments Hostile Blockchain Takeovers (Short Paper).pdf [15/1014] | URLs Springer |
Abstract |
Most research modelling Bitcoin-style decentralised consensus protocols has assumed profit-motivated participants. Complementary to this analysis, we revisit the notion of attackers with an extrinsic motivation to disrupt the consensus process (Goldfinger attacks). We outline several routes for obtaining a majority of decision-making power in the consensus protocol (a hostile takeover). Our analysis suggests several fundamental differences between proof-of-work and proof-of-stake systems in the face of such an adversary.
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