An Analysis of Attacks on Blockchain Consensus

Preprint English OPEN
Bissias, George; Levine, Brian Neil; Ozisik, A. Pinar; Andresen, Gavin;
(2016)
  • Subject: Computer Science - Cryptography and Security

We present and validate a novel mathematical model of the blockchain mining process and use it to conduct an economic evaluation of the double-spend attack, which is fundamental to all blockchain systems. Our analysis focuses on the value of transactions that can be sec... View more
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