Summer 2015

The Bitcoin Backbone: Full Analysis in the Dynamic Setting

Tuesday, August 9th, 2016 11:00 am11:20 am

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We abstract the core of the bitcoin protocol, termed the bitcoin backbone in earlier work, now including the target recalculation mechanism, and we show that it can be instantiated to implement a robust transaction ledger. This is, to our knowledge, the first full analysis of the bitcoin protocol in a dynamic environment where the number of participants is allowed to evolve over time. 

Joint work with Juan Garay and Nikos Leonardos.