Selfish Mining and Dyck Words in Bitcoin and Ethereum Networks

The main goal of this article is to present a direct approach for the formula giving the long-term apparent hashrates of Selfish Mining strategies using only elementary probabilities and combinatorics, more precisely, Dyck words. We can avoid computing stationary probabilities on Markov chain, nor stopping times for Poisson processes as in previous analysis. We do apply these techniques to other bockwithholding strategies in Bitcoin, and then, we consider also selfish mining in Ethereum

Ant routing algorithm for the Lightning Network

We propose a decentralized routing algorithm that can be implemented in Bitcoin Lightning Network. All nodes in the network contribute equally to path searching. The algorithm is inspired from ant path searching algorithms.Comment: 10 pages, 1 figur