The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Information propagation in the Bitcoin network
Abstract
Bitcoin is a digital currency that unlike traditional currencies does not rely on a centralized authority. Instead Bitcoin relies on a network of volunteers that collectively implement a replicated ledger and verify transactions. In this paper we analyze how Bitcoin uses a multi-hop broadcast to propagate transactions and blocks through the network to update the ledger replicas. We then use the gathered information to verify the conjecture that the propagation delay in the network is the primary cause for blockchain forks. Blockchain forks should be avoided as they are symptomatic for inconsistencies among the replicas in the network. We then show what can be achieved by pushing the current protocol to its limit with unilateral changes to the client's behavior.
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Citations
Cites
Zerocoin: Anonymous Distributed E-Cash from Bitcoin
Miers, I., Garman, C., Green, M., & Rubin, A. D. (2013) · 2013 IEEE Symposium on Security and Privacy · doi:10.1109/sp.2013.34 · Cited by 983
Cited by
Where Is Current Research on Blockchain Technology?—A Systematic Review
Yli-Huumo, J., Ko, D., Choi, S., Park, S., & Smolander, K. (2016) · PLOS ONE · doi:10.1371/journal.pone.0163477 · Cited by 2,317
Zerocash: Decentralized Anonymous Payments from Bitcoin
Ben Sasson, E., Chiesa, A., Garman, C., Green, M., Miers, I., Tromer, E., & Virza, M. (2014) · 2014 IEEE Symposium on Security and Privacy · doi:10.1109/sp.2014.36 · Cited by 1,925
Bitcoin and beyond: a technical survey on decentralized digital currencies
Tschorsch, F., & Scheuermann, B. (2016) · IEEE Communications Surveys & Tutorials · doi:10.1109/comst.2016.2535718 · Cited by 1,690
On the Security and Performance of Proof of Work Blockchains
Gervais, A., Karame, G. O., Wüst, K., Glykantzis, V., Ritzdorf, H., & Capkun, S. (2016) · Proceedings of the 2016 ACM SIGSAC Conference on Computer and Communications Security · doi:10.1145/2976749.2978341 · Cited by 1,646
Algorand: Scaling Byzantine Agreements for Cryptocurrencies
Gilad, Y., Hemo, R., Micali, S., Vlachos, G., & Zeldovich, N. (2017) · Proceedings of the 26th Symposium on Operating Systems Principles · doi:10.1145/3132747.3132757 · Cited by 1,499
Metadata
- Authors
- Decker, C., & Wattenhofer, R.
- Venue
- IEEE P2P 2013 Proceedings
- Publisher
- IEEE
- Published
- 2013-09
- Pages
- 1-10
- OpenAlex
- W2057248704
- Cited by
- 1,192
- References
- 1
- FWCI
- 26.37
- Type
- conference paper
- Language
- en
- Open access
- closed
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- Decker, C., & Wattenhofer, R. (2013). Information propagation in the Bitcoin network. IEEE P2P 2013 Proceedings. https://doi.org/10.1109/p2p.2013.6688704
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.