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The Trailer of Blockchain Governance Game

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arxiv 1807.05581 v5 pith:Z6W4X6AH submitted 2018-07-15 cs.CR cs.GTmath.OC

classification cs.CRcs.GTmath.OC
keywords blockchaingamenetworkattackerdesignframeworkgovernanceresults
verification ladder T0 review T1 audit T2 compute T3 formal

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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.

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