Powered by OpenAIRE graph
Found an issue? Give us feedback
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Radboud Repositoryarrow_drop_down
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
Radboud Repository
Article . 2023
Data sources: Radboud Repository
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
https://doi.org/10.1109/icbc56...
Conference object . 2023 . Peer-reviewed
License: STM Policy #29
Data sources: Crossref
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
versions View all 5 versions
addClaim

This Research product is the result of merged Research products in OpenAIRE.

You have already added 0 works in your ORCID record related to the merged Research product.

Determining Optimal Incentive Policy for Decentralized Distributed Systems Using Reinforcement Learning

Authors: Pankovska, Elitsa; Sai, Ashish Rajendra; Vranken, Harald;

Determining Optimal Incentive Policy for Decentralized Distributed Systems Using Reinforcement Learning

Abstract

Cryptocurrencies have gained a lot of attention in recent years, mostly due to their decentralized manner of operation and their growth in value. However, a major drawback most of them possess is their high energy consumption. Current solutions to this problem have significant l imitations: bringing back centralization and/or substituting the required energy with, e. g., storage space. This paper aims to address the problem by investigating the use of a two-level deep reinforcement learning (RL) model to design incentive policies for green mining in cryptocurrencies. This is done by modeling one such energy-intensive cryptocurrency system and creating an RL environment. Finally, by running simulations in an RL environment, we develop and test incentive policies, according to which cryptocurrency participants who primarily use renewable energy for their mining operations are more likely to add new blocks to the blockchain. Our results show that even when the green score of each crypto miner (determined by their use of green energy sources) has relatively small importance (up to 0.3) in their selection probability, miners still shift towards green mining in order to increase their chance of being picked to validate cryptocurrency transactions and receive the corresponding rewards.

Country
Netherlands
Keywords

blockchain, reinforcement learning, Renewable energy, policy development, renewable energy, Blockchain, Policy development, Reinforcement learning, Digital Security

  • BIP!
    Impact byBIP!
    citations
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    0
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
Powered by OpenAIRE graph
Found an issue? Give us feedback
citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
Green