If You Can’t Beat Them, Pay Them: Bitcoin Protection Racket is Profitable
Date:
Conference talk at ACSAC 2022, Austin, Texas, USA
Presented our ACSAC 2022 paper on incentive attacks in proof-of-work mining pools. We describe Fork Withholding Attack under a Protection Racket (FWAP), in which a mining pool pays an attacker for withholding a fork.