PRAGTHOS:Practical Game Theoretically Secure Proof-of-Work Blockchain

Security analysis of blockchain technology is an active domain of research. There has been both cryptographic and game-theoretic security analysis of Proof-of-Work (PoW) blockchains. Prominent work includes the cryptographic security analysis under the Universal Composable framework and Game-theoretic security analysis using Rational Protocol Design. These security analysis models rely on stricter assumptions that might not hold. In this paper, we analyze the security of PoW blockchain protocols...