[email protected] (EmPOWnet-Texts) on Nostr: **As a Layman, these were the best points I could extrapolate from study** - ...

**As a Layman, these were the best points I could extrapolate from study**
- **Undetectable Selfish Mining:**
- Selfish mining is a strategic deviation from the Bitcoin protocol where a miner can earn bitcoin faster by deviating from the intended protocol.
- Traditional selfish mining strategies have been statistically detectable due to the pattern of orphaned blocks, potentially impacting the value of BTC negatively.

- **Statistically Undetectable Strategy:**
- The paper introduces a variant of selfish mining that is statistically undetectable, meaning the pattern of orphaned blocks is indistinguishable from a scenario with only honest miners but higher network delay.
- This strategy involves producing orphaned blocks independently with a higher probability compared to honest miners, enabling miners to profit without detection.

- **Importance of Protocol Design:**
- The study highlights the importance of protocol design in maintaining the integrity and security of blockchain networks.
- Designers must consider the possibility of undetectable strategic deviations when claiming the incentive compatibility of protocols.

- **Nakamoto Consensus Protocol:**
- Bitcoin and many altcoins utilize the Nakamoto Consensus, a longest-chain protocol with proof-of-work.
- The protocol selects miners to create blocks proportionally to their computational power, with rewards distributed based on the longest chain.

- **Future Considerations:**
- The findings underscore the need for ongoing research to address vulnerabilities and ensure the robustness of blockchain protocols.
- Understanding the implications of undetectable selfish mining variants is crucial for maintaining trust and stability in decentralized systems.

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