Multi-Layered Blockchain Governance Game

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)

Abstract

The research designs a new integrated system for the security enhancement of a decentralized network by preventing damages from attackers, particularly for the 51 percent attack. The concept of multiple layered design based on Blockchain Governance Games frameworks could handle multiple number of networks analytically. The Multi-Layered Blockchain Governance Game is an innovative analytical model to find the best strategies for executing a safety operation to protect whole multiple layered network systems from attackers. This research fully analyzes a complex network with the compact mathematical forms and theoretically tractable results for predicting the moment of a safety operation execution are fully obtained. Additionally, simulation results are demonstrated to obtain the optimal values of configuring parameters of a blockchain-based security network. The Matlab codes for the simulations are publicly available to help those whom are constructing an enhanced decentralized security network architecture through this proposed integrated theoretical framework.

Original languageEnglish
Article number27
JournalAxioms
Volume11
Issue number1
DOIs
Publication statusPublished - Jan 2022

Keywords

  • 51 percent attack
  • Blockchain governance game
  • Fluctuation theory
  • IoT
  • Mixed game
  • Network architecture
  • Network security
  • Stochastic model

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