A Hashing Power Allocation Game with and without Risk-free Asset
2021 ◽
Vol 9
(3)
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pp. 255-265
Abstract Miners in various blockchain-backed cryptocurrency networks compete to maintain the validity of the underlying distributed ledgers to earn the bootstrapped cryptocurrencies. With limited hashing power, each miner needs to decide how to allocate their resource to different cryptocurrencies so as to achieve the best overall payoff. Together all the miners form a hashing power allocation game. We consider two settings of the game, depending on whether each miner can allocate their fund to a risk-free asset or not. We show that this game admits unique pure Nash equilibrium in closed-form for both settings.
2020 ◽
Keyword(s):
2021 ◽
Keyword(s):
2020 ◽
Vol 23
(4)
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pp. 1178-1204
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2013 ◽
Vol 15
(01)
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pp. 1350005
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2011 ◽
Vol 175
(14-15)
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pp. 2010-2020
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2012 ◽
Vol 16
(9)
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pp. 1496-1499
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Keyword(s):
1997 ◽
Vol 18
(1)
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pp. 135-140
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