Mathematical Derivation and Analysis of Success Probability of Bitcoin Attack

DOI

10.2991/ncce-18.2018.22How to use a DOI?

Keywords

Bitcoin; Block Chain; The Success Probability of Attack; Mathematical; 50% Computational Force

Abstract

By using block chain technology, bitcoin has realized a real de centralization and point to point digital currency system, which effectively solved the problems of "double payment" and "curbing inflation". Bitcoin has the value and function of money, therefore, in practical application, we need to consider one problem -- "malicious attack", whose success probability affects the basic security performance of the system. This paper is based on the mathematical derivation and analysis of the model and formula given by the "Bitcoin: A peer-to-peer electronic cash system" in the original paper of Satoshi Takemoto’s paper. And verify the theoretical guarantee that the success of attack needs the following conditions: Mastering the calculation power of "50%"

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yingyu Pan
PY  - 2018/05
DA  - 2018/05
TI  - Mathematical Derivation and Analysis of Success Probability of Bitcoin Attack
BT  - Proceedings of the 2018 International Conference on Network, Communication, Computer Engineering (NCCE 2018)
PB  - Atlantis Press
SP  - 129
EP  - 133
SN  - 1951-6851
UR  - https://doi.org/10.2991/ncce-18.2018.22
DO  - 10.2991/ncce-18.2018.22
ID  - Pan2018/05
ER  -