A non-parametric approach to identifying anomalies in Bitcoin mining

Selfish Mining is an attack on the proof-of-work-based cryptocurrency consensus mechanism, enabling attackers to gain more than their fair share of rewards. Its existence indicates that the Nakamoto consensus is not incentive compatible and could jeopardize blockchain security. Recently, a method employing the Z-Score to detect selfish mining was proposed. This paper introduces a non-parametric statistical technique to identify traces of selfish miners on the blockchain without assuming any specific statistical distribution for the analyzed data. Additionally, the applicability of this type of analysis is discussed.

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Publication Details

Published
2024-09-16
DOI
https://doi.org/10.5753/sbseg_estendido.2024.241602
Citations
1
Primary Topic
Blockchain Technology Applications and Security
Type
article
Field-Weighted Citation Impact
0.78
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article

A non-parametric approach to identifying anomalies in Bitcoin mining

Ivan da Silva Sendin, Eduardo Augusto de Medeiros Silva
1 citations
Blockchain Technology Applications and Security
0.78
article

A non-parametric approach to identifying anomalies in Bitcoin mining

Ivan da Silva Sendin, Eduardo Augusto de Medeiros Silva
article en
1 citations

Abstract

Selfish Mining is an attack on the proof-of-work-based cryptocurrency consensus mechanism, enabling attackers to gain more than their fair share of rewards. Its existence indicates that the Nakamoto consensus is not incentive compatible and could jeopardize blockchain security. Recently, a method employing the Z-Score to detect selfish mining was proposed. This paper introduces a non-parametric statistical technique to identify traces of selfish miners on the blockchain without assuming any specific statistical distribution for the analyzed data. Additionally, the applicability of this type of analysis is discussed.

Ukrainian Free University (DE)
Openalex Percentile: Top 21%
Blockchain Technology Applications and Security
0.78
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