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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| Format: | Article |
| Language: | English |
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Wiley
2021-01-01
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| Series: | Complexity |
| Online Access: | http://dx.doi.org/10.1155/2021/1258730 |
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| _version_ | 1832552991282954240 |
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| author | Jinxin Zhang Meng Wu |
| author_facet | Jinxin Zhang Meng Wu |
| author_sort | Jinxin Zhang |
| collection | DOAJ |
| 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 |
| id | doaj-art-84c643807ebb427ab04034b8c3a36b1d |
| institution | Kabale University |
| issn | 1099-0526 |
| language | English |
| publishDate | 2021-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Complexity |
| spelling | doaj-art-84c643807ebb427ab04034b8c3a36b1d2025-02-03T05:57:20ZengWileyComplexity1099-05262021-01-01202110.1155/2021/1258730Cooperation Mechanism in Blockchain by Evolutionary Game TheoryJinxin Zhang0Meng Wu1School of Computer ScienceSchool of Computer ScienceIn 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.http://dx.doi.org/10.1155/2021/1258730 |
| spellingShingle | Jinxin Zhang Meng Wu Cooperation Mechanism in Blockchain by Evolutionary Game Theory Complexity |
| title | 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_short | Cooperation Mechanism in Blockchain by Evolutionary Game Theory |
| title_sort | cooperation mechanism in blockchain by evolutionary game theory |
| url | http://dx.doi.org/10.1155/2021/1258730 |
| work_keys_str_mv | AT jinxinzhang cooperationmechanisminblockchainbyevolutionarygametheory AT mengwu cooperationmechanisminblockchainbyevolutionarygametheory |