IEICE Transactions on Fundamentals of Electronics, Communications and Computer Sciences
Online ISSN : 1745-1337
Print ISSN : 0916-8508
Regular Section
A New Attack Scheme on the Bitcoin Reward System
Jaewoo SO
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2019 Volume E102.A Issue 1 Pages 300-302

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Abstract

The reward of the Bitcoin system is designed to be proportional to miner's computational power. However, rogue miners can increase their rewards by using the block withholding attacks. For raising awareness on the Bitcoin reward system, a new attack scheme is proposed, where the attackers infiltrate into an open pool and launch the selfish mining as well as the block withholding attack. The simulation results demonstrate that the proposed attack outperforms the conventional block withholding attacks.

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© 2019 The Institute of Electronics, Information and Communication Engineers
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