Nonlinear Feedback Control and Stability Analysis of a Proof-of-Work Blockchain
In this paper a novel feedback controller and stability analysis of a blockchain implementation is developed by using a control engineering perspective. The controller output equals the difficulty adjustment in the mining process while the feedback variable is the average block time over a certain t...
Main Authors: | , |
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Format: | Article |
Language: | English |
Published: |
Norwegian Society of Automatic Control
2017-10-01
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Series: | Modeling, Identification and Control |
Subjects: | |
Online Access: | http://www.mic-journal.no/PDF/2017/MIC-2017-4-1.pdf |