The Blockchain Game: Synthesis of Byzantine Systems and Nash Equilibria
Dongfang Zhao
TL;DR
This paper offers a novel synthesis of blockchain technology by integrating fault-tolerant distributed systems with game theory, introducing a new game-theoretical framework and a Nash equilibrium solution.
Contribution
It presents a new game-theoretical problem specific to blockchains and provides a closed-form Nash equilibrium analysis, bridging two orthogonal perspectives.
Findings
Formulation of a new blockchain-specific game-theoretical problem
Derivation of a closed-form Nash equilibrium for the problem
Bridging fault-tolerance and strategic behavior in blockchains
Abstract
This position paper presents a synthesis viewpoint of blockchains from two orthogonal perspectives: fault-tolerant distributed systems and game theory. Specifically, we formulate a new game-theoretical problem in the context of blockchains and sketch a closed-form Nash equilibrium to the problem.
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Taxonomy
TopicsBlockchain Technology Applications and Security · Distributed systems and fault tolerance · Economic theories and models