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We analyze the Bitcoin protocol for electronic peer-to-peer payments and the operations that support the "blockchain … resource use highlighting the importance of identifying the benefits of competition for the operation of the blockchain …
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Since its launch in 2009 much has been written about Bitcoin, cryptocurrencies and blockchains. While the discussions initially took place mostly on blogs and other popular media, we now are witnessing the emergence of a growing body of rigorous academic research on these topics. By the nature...
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Blockchain front-running involves multiple agents, other than the legitimate agent, claiming a payment from performing … a contract. It arises because of the public nature of blockchain transactions and potential network congestion. This … eliminates blockchain front-running. In each case, the mechanism relies on threats to remove ownership from all claimants and …
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