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The Bitcoin whitepaper states that security of the system is guaranteed as long as honest miners control more than half of the current total computational power. The whitepaper assumes a static difficulty, thus it is equally hard to solve a cryptographic proof-of-work puzzle for any given moment of the system history. However, the real Bitcoin network is using an adaptive difficulty adjustment mechanism. In this paper we introduce and analyze a new kind of attack on a mining difficulty retargeting function used in Bitcoin. A malicious miner is increasing his mining profits from the attack, named coin-hopping attack, and, as a side effect, an average delay between blocks is increasing. We propose an alternative difficulty adjustment algorithm in order to reduce an incentive to perform coin-hopping, and also to improve stability of inter-block delays. Finally, we evaluate the presented approach and show that the novel algorithm performs better than the original algorithm of Bitcoin.
Background:
Influential actors detection in social media such as twitter or Facebook can play a major role in gathering opinions on particular topics, improving the market
-
ing efficiency, predicting the trends, etc.
Proposed methods:
This work aims to extend our formally defined
T
measure to
present a new measure aiming to recognize the actor’s influence by the strength of
attracting new important actors into a networked community. Therefore, we propose a
model of the actor’s influence based on the attractiveness of the actor in relation to the
number of other attractors with whom he/she has established connections over time.
Results and conclusions:
Using an empirically collected social network for the
underlying graph, we have applied the above-mentioned measure of influence in
order to determine optimal seeds in a simulation of influence maximization. We study
our extended measure in the context of information diffusion because this measure is
based on a model of actors who attract others to be active members in a community.
This corresponds to the idea of the IC simulation model which is used to identify the
most important spreaders in a set of actors.
Keywords: Actor influence, Social media networks, Twitter, IC model, Information
diffusion, Independent cascade model, T measure