The Trailer of Blockchain Governance Game

TL;DR

This paper introduces the Blockchain Governance Game, a hybrid theoretical model using stochastic game theory to optimize security strategies and backup node deployment in blockchain networks.

Contribution

It presents a novel hybrid theoretical framework combining stochastic and mixed strategy game theory for blockchain security optimization.

Findings

Predicts optimal timing for network operations

Determines the ideal number of backup nodes

Provides analytical tools for security strategy planning

Abstract

This paper deals with the design of the secure blockchain network framework to prevent damages from an attacker. The decentralized network design called the Blockchain Governance Game is a new hybrid theoretical model and it provides the stochastic game framework to find best strategies towards preparation for preventing a network malfunction by an attacker. Analytically tractable results are obtained by using the fluctuation theory and the mixed strategy game theory. These results enable to predict the moment for operations and deliver the optimal portion of backup nodes to protect the blockchain network. This research helps for whom considers the initial coin offering or launching new blockchain based services with enhancing the security features.