SUTD researchers demystify centralization in cryptocurrency mining

SUTD researchers have developed a novel approach to untangle the centralization phenomena in blockchain mining by employing the rich economic theory of Oceanic Games. The application of this theory in the blockchain ecosystem unveiled incentives for both active and newly entering miners to merge and act as single entities and provides an alternative justification of the centralization and concentration of power in the mining process of major cryptocurrencies.
Source: EurekaAlert,