Blockchain Participation Games with Upfront Contribution Commitment
In briefBlockchain participation games with upfront contribution commitment
SummaryThis paper studies blockchain participation games where entry is costly, contributors are randomly selected, and success requires reaching a threshold. It characterizes all pure Nash equilibria under homogeneous selection and analyzes how heterogeneous selection affects who commits. The authors show a minimum-outlay reward scheme that supports full contribution as a Nash equilibrium, and note that requiring zero registration reward can raise the minimum outlay under heterogeneous selection.