Paper 2020/661
Tight Consistency Bounds for Bitcoin
Peter Gaži, Aggelos Kiayias, and Alexander Russell
Abstract
We establish the optimal security threshold for the Bitcoin protocol
in terms of adversarial hashing power, honest hashing power, and
network delays. Specifically, we prove that the protocol is secure if
Metadata
- Available format(s)
-
PDF
- Category
- Applications
- Publication info
- Published elsewhere. Minor revision. ACM CCS 2020
- Keywords
- blockchainBitcoinproof of workproof of stake
- Contact author(s)
-
peter gazi @ iohk io
aggelos kiayias @ iohk io
acr @ cse uconn edu - History
- 2020-11-11: last of 3 revisions
- 2020-06-03: received
- See all versions
- Short URL
- https://ia.cr/2020/661
- License
-
CC BY
BibTeX
@misc{cryptoeprint:2020/661, author = {Peter Gaži and Aggelos Kiayias and Alexander Russell}, title = {Tight Consistency Bounds for Bitcoin}, howpublished = {Cryptology {ePrint} Archive, Paper 2020/661}, year = {2020}, url = {https://eprint.iacr.org/2020/661} }