Cooperation Mechanism in Blockchain by Evolutionary Game Theory

In the blockchain network, to get rewards in the blockchain, blockchain participants pay for various forms of competition such as computing power, stakes, and other resources. Because of the need to pay a certain cost, individual participants cooperate to maintain the long-term stability of the bloc...

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Autores principales:	Jinxin Zhang, Meng Wu
Formato:	article
Lenguaje:	EN
Publicado:	Hindawi-Wiley 2021
Materias:	Electronic computers. Computer science QA75.5-76.95
Acceso en línea:	https://doaj.org/article/84c643807ebb427ab04034b8c3a36b1d
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id	oai:doaj.org-article:84c643807ebb427ab04034b8c3a36b1d
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spelling	oai:doaj.org-article:84c643807ebb427ab04034b8c3a36b1d2021-11-22T01:10:55ZCooperation Mechanism in Blockchain by Evolutionary Game Theory1099-052610.1155/2021/1258730https://doaj.org/article/84c643807ebb427ab04034b8c3a36b1d2021-01-01T00:00:00Zhttp://dx.doi.org/10.1155/2021/1258730https://doaj.org/toc/1099-0526In the blockchain network, to get rewards in the blockchain, blockchain participants pay for various forms of competition such as computing power, stakes, and other resources. Because of the need to pay a certain cost, individual participants cooperate to maintain the long-term stability of the blockchain jointly. In the course of such competition, the game between each other has appeared invisibly. To better understand the blockchain design of cooperation mechanisms, in this paper, we constructed a game framework between participants with different willingness, using evolutionary game theory, and complex network games. We analyzed how the behavior of participants potentially develops with cost and payoff. We consider the expected benefits of participants for the normal growth of the blockchain as the major factor. Considering the behavior of malicious betrayers, the blockchain needs to be maintained in the early stage. Numerical simulation supports our analysis.Jinxin ZhangMeng WuHindawi-WileyarticleElectronic computers. Computer scienceQA75.5-76.95ENComplexity, Vol 2021 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Electronic computers. Computer science QA75.5-76.95
spellingShingle	Electronic computers. Computer science QA75.5-76.95 Jinxin Zhang Meng Wu Cooperation Mechanism in Blockchain by Evolutionary Game Theory
description	In the blockchain network, to get rewards in the blockchain, blockchain participants pay for various forms of competition such as computing power, stakes, and other resources. Because of the need to pay a certain cost, individual participants cooperate to maintain the long-term stability of the blockchain jointly. In the course of such competition, the game between each other has appeared invisibly. To better understand the blockchain design of cooperation mechanisms, in this paper, we constructed a game framework between participants with different willingness, using evolutionary game theory, and complex network games. We analyzed how the behavior of participants potentially develops with cost and payoff. We consider the expected benefits of participants for the normal growth of the blockchain as the major factor. Considering the behavior of malicious betrayers, the blockchain needs to be maintained in the early stage. Numerical simulation supports our analysis.
format	article
author	Jinxin Zhang Meng Wu
author_facet	Jinxin Zhang Meng Wu
author_sort	Jinxin Zhang
title	Cooperation Mechanism in Blockchain by Evolutionary Game Theory
title_short	Cooperation Mechanism in Blockchain by Evolutionary Game Theory
title_full	Cooperation Mechanism in Blockchain by Evolutionary Game Theory
title_fullStr	Cooperation Mechanism in Blockchain by Evolutionary Game Theory
title_full_unstemmed	Cooperation Mechanism in Blockchain by Evolutionary Game Theory
title_sort	cooperation mechanism in blockchain by evolutionary game theory
publisher	Hindawi-Wiley
publishDate	2021
url	https://doaj.org/article/84c643807ebb427ab04034b8c3a36b1d
work_keys_str_mv	AT jinxinzhang cooperationmechanisminblockchainbyevolutionarygametheory AT mengwu cooperationmechanisminblockchainbyevolutionarygametheory
_version_	1718418349814185984

Cooperation Mechanism in Blockchain by Evolutionary Game Theory

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