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arxiv: 1805.08979 · v1 · pith:QSKMDFZ6new · submitted 2018-05-23 · 💻 cs.GT

Game of Coins

classification 💻 cs.GT
keywords learningbetter-responsedesignequilibriumgameminersrewardstrategic
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We formalize the current practice of strategic mining in multi-cryptocurrency markets as a game, and prove that any better-response learning in such games converges to equilibrium. We then offer a reward design scheme that moves the system configuration from any initial equilibrium to a desired one for any better-response learning of the miners. Our work introduces the first multi-coin strategic attack for adaptive and learning miners, as well as the study of reward design in a multi-agent system of learning agents.

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