A newly published Cornell University paper suggests that Bitcoin mining pools should eventually become smaller in size. Eyal comes to this conclusion because he believes pools are incentivized to attack each other through a block withholding attack, making it risky to allow any unidentified miners to contribute to pooled mining. Dishonest mining
The paper, authored by Ittay Eyal and partly funded by the SWIFT Institute, examines the consequences of a block withholding attack in […]