Johannes Göbel

Bitcoin Blockchain Dynamics: the Selfish-Mine Strategy in the Presence\n of Propagation Delay

2015 · arXiv (Cornell University)

In the context of the `selfish-mine' strategy proposed by Eyal and Sirer, we\nstudy the effect of propagation delay on the evolution of the Bitcoin\nblockchain. First, we use a simplified Markov model that tracks the contrasting\nstates …