Li, Q., Chang, Y., Wu, X., & Zhang, G. (2021). A new theoretical framework of pyramid markov processes for blockchain selfish mining. Journal of Systems Science and Systems Engineering, 30(6), 667-711.
In this paper, we provide a new theoretical framework of pyramid Markov processes to solve some open and fundamental problems of blockchain selfish mining under a rigorous mathematical setting. We first describe a more general model of blockchain selfish mining with both a two-block leading competitive criterion and a new economic incentive mechanism. Then we establish a pyramid Markov process and show that it is irreducible