IEICE Transactions on Fundamentals of Electronics, Communications and Computer Sciences
Online ISSN : 1745-1337
Print ISSN : 0916-8508
Regular Section
Stability Analysis and Control of Decision-Making of Miners in Blockchain
Kosuke TODANaomi KUZEToshimitsu USHIO
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ジャーナル 認証あり

2022 年 E105.A 巻 4 号 p. 682-688

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To maintain blockchain-based services with ensuring its security, it is an important issue how to decide a mining reward so that the number of miners participating in the mining increases. We propose a dynamical model of decision-making for miners using an evolutionary game approach and analyze the stability of equilibrium points of the proposed model. The proposed model is described by the 1st-order differential equation. So, it is simple but its theoretical analysis gives an insight into the characteristics of the decision-making. Through the analysis of the equilibrium points, we show the transcritical bifurcations and hysteresis phenomena of the equilibrium points. We also design a controller that determines the mining reward based on the number of participating miners to stabilize the state where all miners participate in the mining. Numerical simulation shows that there is a trade-off in the choice of the design parameters.

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© 2022 The Institute of Electronics, Information and Communication Engineers
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