7.2CRJun 5
On the Incentive Compatibility of Block Propagation in BitcoinFumichika Maeda, Akira Sakurai, Taishi Nakai et al.
Bitcoin is permissionless and does not rely on any central administrator, which gives it strong censorship resistance. At the same time, it is important to incentivize miners to behave in ways that align with the interests of the system as a whole. This paper asks whether miners are individually incentivized to propagate blocks, one of the most fundamental processes in Bitcoin. Miners collectively maintain the blockchain by generating blocks and disseminating them across the network. If miners have an incentive not to propagate some blocks, this would indicate a fundamental flaw in Bitcoin's incentive design. Although prior work has studied how propagation delays affect forks and mining rewards, it has not fully characterized miners' incentives to improve block propagation under different tie-breaking rules. To address this gap, we derive analytical reward expressions for each tie-breaking rule based on a blockchain network model that captures the effect of forks on mining fairness. These expressions explicitly characterize how block propagation delays, hashrate distribution, and tie-breaking rules jointly determine mining rewards. We then use them to analyze miners' incentives to improve block propagation. Our results show, for example, that miners have no mining-reward incentive to relay blocks generated by other miners. By contrast, under the first-seen rule, every non-majority miner is incentivized to receive other miners' blocks more quickly and to propagate its own blocks more quickly. Finally, we compare tie-breaking rules and identify a trade-off between propagation incentives and mining fairness. In particular, the first-seen rule provides the strongest incentives to reduce propagation delays, but it also worsens mining fairness the most.
1.2DCAug 27, 2019
A Framework for Model Search Across Multiple Machine Learning ImplementationsYoshiki Takahashi, Masato Asahara, Kazuyuki Shudo
Several recently devised machine learning (ML) algorithms have shown improved accuracy for various predictive problems. Model searches, which explore to find an optimal ML algorithm and hyperparameter values for the target problem, play a critical role in such improvements. During a model search, data scientists typically use multiple ML implementations to construct several predictive models; however, it takes significant time and effort to employ multiple ML implementations due to the need to learn how to use them, prepare input data in several different formats, and compare their outputs. Our proposed framework addresses these issues by providing simple and unified coding method. It has been designed with the following two attractive features: i) new machine learning implementations can be added easily via common interfaces between the framework and ML implementations and ii) it can be scaled to handle large model configuration search spaces via profile-based scheduling. The results of our evaluation indicate that, with our framework, implementers need only write 55-144 lines of code to add a new ML implementation. They also show that ours was the fastest framework for the HIGGS dataset, and the second-fastest for the SECOM dataset.
3.3DCJan 4, 2018
Towards Application Portability on BlockchainsKazuyuki Shudo, Reiki Kanda, Kenji Saito
We discuss the issue of what we call {\em incentive mismatch}, a fundamental problem with public blockchains supported by economic incentives. This is an open problem, but one potential solution is to make application portable. Portability is desirable for applications on private blockchains. Then, we present examples of middleware designs that enable application portability and, in particular, support migration between blockchains.