Instability Without Block Rewards

Resources

Paper: On the Instability of Bitcoin Without the Block Reward

Problem

Assume the longest chain head has 100 units of tx fees, and the next block is 5 units. Instead of mining the next block to grab the 5 units. A elfish miner would split the previous chain head in half, claim 55 units for themselves, and give 50 units for the next miner.

Notes mentioning this note

There are no notes linking to this note.