Research corpus ConsensusBLC-STUDY-0163

Demystifying Incentives in the Consensus Computer

If checking a block is expensive and the chance it is invalid is small, the equilibrium is not to check. The paper names that gap the verifier's dilemma.

Official external source only
Design paper
Official source

Compare

Record

Authors: Loi Luu, Jason Teutsch, Raghav Kulkarni and Prateek Saxena
Date: 2015
Publisher: Loi Luu, Jason Teutsch, Raghav Kulkarni and Prateek Saxena
Version: Source cited by the 2015 study. The study is the reading. This page does not add a second essay.
Document ID: BLC-STUDY-0163
DOI: None recorded
Last reviewed: 1 October 2026
Licence: No licence recorded. Rights status under review.

No hash is published. This build does not store those PDF bytes, so a checksum would be invented. Where a legacy path exists, it points at the Internet Archive copy of the old library.

Direct answer

If checking a block is expensive and the chance it is invalid is small, the equilibrium is not to check. The paper names that gap the verifier's dilemma.

Where to read

Official source — ePrint 2015/702
Blockchain Lab study, the canonical readingOriginal commentary. Not a transcription of the paper.

Metadata and commentary only. The reading is the study page.

Full text

Full text is not published on this page. Public availability is not a licence to republish a document. Blockchain Lab has not recorded a licence that permits an HTML transcription, a training set, or a retrieval corpus of the paper. Text on this page is Blockchain Lab's own wording, or a pointer to a study that is also Blockchain Lab's wording.

What changed

A reading of the public document. Not a copy of it, and not a claim about a later network that reused the name.

Relationships

Canonical readingVerifier's dilemma study
Related paperTrueBit
Related paperFraud and data availability proofs

Cite this record

These citations point at the source document. They are not a licence to copy it.

Author–date

Luu, L., Teutsch, J., Kulkarni, R., & Saxena, P. (2015). Demystifying Incentives in the Consensus Computer. Loi Luu, Jason Teutsch, Raghav Kulkarni and Prateek Saxena. https://eprint.iacr.org/2015/702

BibTeX

@techreport{verifierdilemma2015,
  title = {Demystifying Incentives in the Consensus Computer},
  author = {Loi Luu, Jason Teutsch, Raghav Kulkarni and Prateek Saxena},
  year = {2015},
  institution = {Loi Luu, Jason Teutsch, Raghav Kulkarni and Prateek Saxena},
  url = {https://eprint.iacr.org/2015/702},
  note = {Rights status: Official external source only. Blockchain Lab record: https://blockchainlab.com/research/corpus/papers/verifier-dilemma}
}

RIS

TY  - RPRT
TI  - Demystifying Incentives in the Consensus Computer
AU  - Loi Luu
AU  - Jason Teutsch
AU  - Raghav Kulkarni
AU  - Prateek Saxena
PY  - 2015
PB  - Loi Luu, Jason Teutsch, Raghav Kulkarni and Prateek Saxena
UR  - https://eprint.iacr.org/2015/702
N1  - Rights status: Official external source only
ER  -

CSL-JSON

[
  {
    "type": "report",
    "id": "BLC-STUDY-0163",
    "title": "Demystifying Incentives in the Consensus Computer",
    "author": [
      {
        "literal": "Loi Luu"
      },
      {
        "literal": "Jason Teutsch"
      },
      {
        "literal": "Raghav Kulkarni"
      },
      {
        "literal": "Prateek Saxena"
      }
    ],
    "issued": {
      "date-parts": [
        [
          2015
        ]
      ]
    },
    "publisher": "Loi Luu, Jason Teutsch, Raghav Kulkarni and Prateek Saxena",
    "URL": "https://eprint.iacr.org/2015/702",
    "note": "Rights status: Official external source only. Not a licence to republish the paper."
  }
]

JSON BibTeX file RIS file CSL-JSON

Rights record

Source status: Official source
Use status: Metadata and commentary only. The reading is the study page.
Rights: Official external source only
Training and retrieval: Not permitted from this site. There is no rights-cleared full text to retrieve or to train on.

Rights and licensing Corrections