Mining competition in a multi-cryptocurrency ecosystem at the network edge
Eitan Altman, Alexandre Reiffers, Daniel Sadoc Menasché, Mandar J. Datar, Swapnil Dhamal, Corinne Touati · ACM SIGMETRICS Performance Evaluation Review · 2019
We model the competition over several blockchains characterizing multiple cryptocurrencies as a non-cooperative game. Then, we specialize our results to two instances of the general game, showing properties of the Nash equilibrium. In particular, leveraging results about congestion games, we establish the existence of pure Nash equilibria and provide efficient algorithms for finding such equilibria.