YoVDO

On the Instability of Bitcoin Without the Block Reward

Offered By: Association for Computing Machinery (ACM) via YouTube

Tags

ACM CCS (Computer and Communications Security) Courses Cryptocurrency Security Courses

Course Description

Overview

Explore a conference talk examining the potential instability of Bitcoin's economic model once block rewards diminish. Delve into key findings from Princeton University researchers on the long-term sustainability of the cryptocurrency system. Learn about the importance of block rewards, mining strategies, and potential future problems in Bitcoin's structure. Gain insights into the Lambert Function, forking, and the broader implications for blockchain technology. Understand the critical role of transaction fees in maintaining network security and the potential consequences of their fluctuation. Engage with thought-provoking questions about Bitcoin's future and analyze visual representations of the researchers' findings through stack plots.

Syllabus

Introduction
Technical difficulties
Longterm stability
Key results
The bigger picture
Why is this important
Advanced warning against future problems
Block Reward
Multiple Miners
Mining
Model
Strategy Change
First Strategy
Implementation
Lambert Function Forking
Results
Lessons
Questions
Stack Plot


Taught by

ACM CCS

Related Courses

A Framework for Prototyping Applications Using Multilinear Maps and Matrix Branching Programs
Association for Computing Machinery (ACM) via YouTube
Acing the IOC Game - Toward Automatic Discovery and Analysis of Open-Source Cyber Threat Intelligence
Association for Computing Machinery (ACM) via YouTube
Call Me Back! Attacks on System Server and System Apps in Android through Synchronous Callback
Association for Computing Machinery (ACM) via YouTube
A Comprehensive Formal Security Analysis of OAuth 2.0
Association for Computing Machinery (ACM) via YouTube
A Secure Sharding Protocol for Open Blockchains
Association for Computing Machinery (ACM) via YouTube