Double spend races

6 Feb 2017Cyril GrunspanRicardo Pérez-Marco

We correct the double spend race analysis given in Nakamoto's foundational Bitcoin article and give a closed-form formula for the probability of success of a double spend attack using the Regularized Incomplete Beta Function. We give a proof of the exponential decay on the number of confirmations, often cited in the literature, and find an asymptotic formula... (read more)

PDF Abstract


No code implementations yet. Submit your code now


Results from the Paper

  Submit results from this paper to get state-of-the-art GitHub badges and help the community compare results to other papers.

Methods used in the Paper