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Abstract
In this paper, we address the critical challenges of double-spending and
selfish mining attacks in blockchain-based digital currencies. Double-spending
is a problem where the same tender is spent multiple times during a digital
currency transaction, while selfish mining is an intentional alteration of a
blockchain to increase rewards to one miner or a group of miners. We introduce
a new attack that combines both these attacks and propose a machine
learning-based solution to mitigate the risks associated with them.
Specifically, we use the learning automaton, a powerful online learning method,
to develop two models, namely the SDTLA and WVBM, which can effectively defend
against selfish mining attacks. Our experimental results show that the SDTLA
method increases the profitability threshold of selfish mining up to 47$\%$,
while the WVBM method performs even better and is very close to the ideal
situation where each miner's revenue is proportional to their shared hash
processing power. Additionally, we demonstrate that both methods can
effectively reduce the risks of double-spending by tuning the $Z$ Parameter.
Our findings highlight the potential of SDTLA and WVBM as promising solutions
for enhancing the security and efficiency of blockchain networks.