Various Blockchain Governance Games: A Review

Abstract

Blockchain Governance Game (BGG) is the stochastic model for describing the innovative security enhancement of decentralized network architectures. This hybrid model provides the best strategies to prepare for preventing network failures by attackers. Strategic alliance for the Blockchain Governance Game, a successor to BGG, adds the strategic alliance to prevent attacks by adapting the concept from business domains. The multi-layered Blockchain Governance Game was developed by combining these two basic models to defend complex networks. This paper not only provides a brief summary of each game model, but also identifies two key network security applications based on BGGs that could serve as a guide for actual implementation. This review is intended to encourage people to be inspired for their future research. The author hopes to encourage readers working in related research areas who might integrate BGG models into their research.

Keywords

• Blockchain Governance Game
• strategic alliance BGG
• multi-layered BGG
• Internet of Things
• fluctuation theory
• 51 percent attack