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Understanding Cybersecurity Management in DeFi (UCM-DeFi) – Blockchain Security (Article 4)

In today's digital landscape, blockchain technology has emerged as a powerful force, revolutionizing sectors like healthcare, finance, government, and commerce with its unparalleled security features. However, as with any technological advancement, it has not been immune to the cunning tactics of cybercriminals. The very features that make blockchain robust can also attract malicious actors who

Reinforcement-Mining: Protecting Reward in Selfish Mining by Zhaojie Wang, Willy Susilo et al

Selfish mining is notorious for receiving additional rewards disproportionate to the attacker’s mining power in Proof-of-Work (PoW) consensus-based blockchain, e.g., Bitcoin. Unfair reward distribution may cause partial honest miners to quit blockchain mining, which will seriously weaken the security of the PoW blockchain since the security is guaranteed by strong mining power. Various efforts have been proposed to alleviate this problem, but are generally expensive to implement, e.g., upgrading the blockchain backbone protocol. In this work, we propose a method, named Reinforcement-Mining, to protect honest miners’ mining rewards to mitigate the harm of selfish mining. The key insight of Reinforcement-Mining is to employ a deep reinforcement learning framework to choose the optimal policy for honest miners to protect their rewards when the blockchain suffers from a selfish mining attack. Experiments on mining reward and chain quality property are conducted respectively. The analys

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