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Journal articles

Double spend races

Abstract : We correct the double spend race analysis given in Nakamoto's foun-dational 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 the first proof of the exponential decay on the number of confirmations and find an asymptotic formula. Larger number of confirmations are necessary compared to those given by Nakamoto.
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https://hal.archives-ouvertes.fr/hal-01456773
Contributor : Ricardo Pérez-Marco Connect in order to contact the contributor
Submitted on : Monday, February 6, 2017 - 5:06:05 PM
Last modification on : Sunday, June 26, 2022 - 9:40:19 AM
Long-term archiving on: : Sunday, May 7, 2017 - 12:21:39 PM

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  • HAL Id : hal-01456773, version 1

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Cyril Grunspan, Ricardo Pérez-Marco. Double spend races. International Journal of Theoretical and Applied Finance, World Scientific Publishing, 2018. ⟨hal-01456773⟩

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