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Documents authored by Thyfronitis Litos, Orfeas Stefanos


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A Puff of Steem: Security Analysis of Decentralized Content Curation

Authors: Aggelos Kiayias, Benjamin Livshits, Andrés Monteoliva Mosteiro, and Orfeas Stefanos Thyfronitis Litos

Published in: OASIcs, Volume 71, International Conference on Blockchain Economics, Security and Protocols (Tokenomics 2019)


Abstract
Decentralized content curation is the process through which uploaded posts are ranked and filtered based exclusively on users' feedback. Platforms such as the blockchain-based Steemit employ this type of curation while providing monetary incentives to promote the visibility of high quality posts according to the perception of the participants. Despite the wide adoption of the platform very little is known regarding its performance and resilience characteristics. In this work, we provide a formal model for decentralized content curation that identifies salient complexity and game-theoretic measures of performance and resilience to selfish participants. Armed with our model, we provide a first analysis of Steemit identifying the conditions under which the system can be expected to correctly converge to curation while we demonstrate its susceptibility to selfish participant behaviour. We validate our theoretical results with system simulations in various scenarios.

Cite as

Aggelos Kiayias, Benjamin Livshits, Andrés Monteoliva Mosteiro, and Orfeas Stefanos Thyfronitis Litos. A Puff of Steem: Security Analysis of Decentralized Content Curation. In International Conference on Blockchain Economics, Security and Protocols (Tokenomics 2019). Open Access Series in Informatics (OASIcs), Volume 71, pp. 3:1-3:21, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2020)


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@InProceedings{kiayias_et_al:OASIcs.Tokenomics.2019.3,
  author =	{Kiayias, Aggelos and Livshits, Benjamin and Monteoliva Mosteiro, Andr\'{e}s and Thyfronitis Litos, Orfeas Stefanos},
  title =	{{A Puff of Steem: Security Analysis of Decentralized Content Curation}},
  booktitle =	{International Conference on Blockchain Economics, Security and Protocols (Tokenomics 2019)},
  pages =	{3:1--3:21},
  series =	{Open Access Series in Informatics (OASIcs)},
  ISBN =	{978-3-95977-108-5},
  ISSN =	{2190-6807},
  year =	{2020},
  volume =	{71},
  editor =	{Danos, Vincent and Herlihy, Maurice and Potop-Butucaru, Maria and Prat, Julien and Tucci-Piergiovanni, Sara},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{https://drops.dagstuhl.de/entities/document/10.4230/OASIcs.Tokenomics.2019.3},
  URN =		{urn:nbn:de:0030-drops-119675},
  doi =		{10.4230/OASIcs.Tokenomics.2019.3},
  annote =	{Keywords: blockchain, content curation, decentralized, voting}
}
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