Going beyond the coinbase transaction fee: Alternative reward schemes for miners in blockchain systems

Harald Gjermundrød, Konstantinos Chalkias, Ioanna Dionysiou

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

3 Citations (Scopus)

Abstract

The blockchain technology has emerged as a disruptive technology in recent years. The open and transparent nature of the distributed ledger, as supported by the blockchain technology, is an appealing factor to push this technology in applications with strong accountability and audit requirements such as cryptocurrency systems (i.e. Bitcoin) and ecommerce (i.e OpenBazaar). In order to guarantee the in- tegrity of the distributed ledger, a set of miner nodes is in place that uses computing power to prove the authenticity of the ledger, in exchange for a small compensation fee. In this paper, alternative reward schemes for the miners are presented.

Original languageEnglish
Title of host publicationPCI 2016 - 20th Pan-Hellenic Conference on Informatics
PublisherAssociation for Computing Machinery
ISBN (Electronic)9781450347891
DOIs
Publication statusPublished - 10 Nov 2016
Event20th Pan-Hellenic Conference on Informatics, PCI 2016 - Patra, Greece
Duration: 10 Nov 201612 Nov 2016

Other

Other20th Pan-Hellenic Conference on Informatics, PCI 2016
Country/TerritoryGreece
CityPatra
Period10/11/1612/11/16

Keywords

  • Blockchain Technology
  • Cryptocurrency
  • Miner Reward

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