A survey on blockchain : a game theoretical perspective

Over the past decade, blockchain technology has attracted tremendous attention from both academia and industry. The popularity of blockchains was originated from the concept of crypto-currencies to serve as a decentralized and tamper-proof transaction data ledger. Nowadays, blockchains as the key fr...

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Main Authors: Liu, Ziyao, Luong, Nguyen Cong, Wang, Wenbo, Niyato, Dusit, Wang, Ping, Liang, Ying-Chang, Kim, Dong In
Other Authors: School of Computer Science and Engineering
Format: Article
Language:English
Published: 2019
Subjects:
Online Access:https://hdl.handle.net/10356/106346
http://hdl.handle.net/10220/48927
http://dx.doi.org/10.1109/ACCESS.2019.2909924
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-1063462019-12-06T22:09:31Z A survey on blockchain : a game theoretical perspective Liu, Ziyao Luong, Nguyen Cong Wang, Wenbo Niyato, Dusit Wang, Ping Liang, Ying-Chang Kim, Dong In School of Computer Science and Engineering Blockchain DRNTU::Engineering::Computer science and engineering Game Theory Over the past decade, blockchain technology has attracted tremendous attention from both academia and industry. The popularity of blockchains was originated from the concept of crypto-currencies to serve as a decentralized and tamper-proof transaction data ledger. Nowadays, blockchains as the key framework in the decentralized public data-ledger have been applied to a wide range of scenarios far beyond crypto-currencies, such as the Internet of Things, healthcare, and insurance. This survey aims to fill the gap between a large number of studies on blockchain networks, where game theory emerges as an analytical tool, and the lack of a comprehensive survey on the game theoretical approaches applied in blockchain-related issues. In this survey, we review the game models proposed to address common issues in the blockchain network. The focus is placed on security issues, e.g., selfish mining, majority attack and denial of service attack, issues regarding mining management, e.g., computational power allocation, reward allocation, and pool selection, as well as issues regarding blockchain economic and energy trading. Additionally, we discuss the advantages and disadvantages of these selected game theoretical models and solutions. Finally, we highlight important challenges and future research directions of applying game theoretical approaches to incentive mechanism design and the combination of blockchain with other technologies. NRF (Natl Research Foundation, S’pore) ASTAR (Agency for Sci., Tech. and Research, S’pore) MOE (Min. of Education, S’pore) Published version 2019-06-24T08:02:32Z 2019-12-06T22:09:31Z 2019-06-24T08:02:32Z 2019-12-06T22:09:31Z 2019 Journal Article Liu, Z., Luong, N. C., Wang, W., Niyato, D., Wang, P., Liang, Y.-C., & Kim, D. I. (2019). A survey on blockchain : a game theoretical perspective. IEEE Access, 7, 47615-47643. doi:10.1109/ACCESS.2019.2909924 https://hdl.handle.net/10356/106346 http://hdl.handle.net/10220/48927 http://dx.doi.org/10.1109/ACCESS.2019.2909924 en IEEE Access © 2019 IEEE. Translations and content mining are permitted for academic research only. Personal use is also permitted, but republication/redistribution requires IEEE permission. See http://www.ieee.org/publications_standards/publications/rights/index.html for more information. 29 p. application/pdf
institution Nanyang Technological University
building NTU Library
country Singapore
collection DR-NTU
language English
topic Blockchain
DRNTU::Engineering::Computer science and engineering
Game Theory
spellingShingle Blockchain
DRNTU::Engineering::Computer science and engineering
Game Theory
Liu, Ziyao
Luong, Nguyen Cong
Wang, Wenbo
Niyato, Dusit
Wang, Ping
Liang, Ying-Chang
Kim, Dong In
A survey on blockchain : a game theoretical perspective
description Over the past decade, blockchain technology has attracted tremendous attention from both academia and industry. The popularity of blockchains was originated from the concept of crypto-currencies to serve as a decentralized and tamper-proof transaction data ledger. Nowadays, blockchains as the key framework in the decentralized public data-ledger have been applied to a wide range of scenarios far beyond crypto-currencies, such as the Internet of Things, healthcare, and insurance. This survey aims to fill the gap between a large number of studies on blockchain networks, where game theory emerges as an analytical tool, and the lack of a comprehensive survey on the game theoretical approaches applied in blockchain-related issues. In this survey, we review the game models proposed to address common issues in the blockchain network. The focus is placed on security issues, e.g., selfish mining, majority attack and denial of service attack, issues regarding mining management, e.g., computational power allocation, reward allocation, and pool selection, as well as issues regarding blockchain economic and energy trading. Additionally, we discuss the advantages and disadvantages of these selected game theoretical models and solutions. Finally, we highlight important challenges and future research directions of applying game theoretical approaches to incentive mechanism design and the combination of blockchain with other technologies.
author2 School of Computer Science and Engineering
author_facet School of Computer Science and Engineering
Liu, Ziyao
Luong, Nguyen Cong
Wang, Wenbo
Niyato, Dusit
Wang, Ping
Liang, Ying-Chang
Kim, Dong In
format Article
author Liu, Ziyao
Luong, Nguyen Cong
Wang, Wenbo
Niyato, Dusit
Wang, Ping
Liang, Ying-Chang
Kim, Dong In
author_sort Liu, Ziyao
title A survey on blockchain : a game theoretical perspective
title_short A survey on blockchain : a game theoretical perspective
title_full A survey on blockchain : a game theoretical perspective
title_fullStr A survey on blockchain : a game theoretical perspective
title_full_unstemmed A survey on blockchain : a game theoretical perspective
title_sort survey on blockchain : a game theoretical perspective
publishDate 2019
url https://hdl.handle.net/10356/106346
http://hdl.handle.net/10220/48927
http://dx.doi.org/10.1109/ACCESS.2019.2909924
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