Verification of Cryptocurrency Mining Using Ethereum

Abstract

With advancement in computer technology, financial technology has also evolved. Blockchain technology has evolved over the past decade; however, this has also resulted in some malicious attacks. To earn mining rewards of a blockchain, a new type of attack, called cryptojacking, has emerged in the online world. This attack uses the computer resources of a victim to obtain mining rewards without user confirmation. However, this monetization model was originally intended to replace advertising as a source of revenue for a website. To resolve such problems, a storage verification architecture based on smart contracts was proposed in the study. The decentralized system of blockchain enables users to identify and participate in verification of mining sites through Ethereum smart contracts.