Twenty Percent and a Few Days: Optimising a Bitcoin Majority Attack

Ansgar Fehnker; Kaylash Chaudhary

doi:10.1007/978-3-319-77935-5_11

Twenty Percent and a Few Days: Optimising a Bitcoin Majority Attack

Ansgar Fehnker, Kaylash Chaudhary

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

13 Citations (Scopus)

25 Downloads (Pure)

Abstract

Bitcoin is a distributed online payment system that organises transactions into blocks. The size of blocks is limited to 1 megabyte, which also limits the number of transactions per second that can be confirmed. This year several attempts have been made to create a fork or a split that removes this restriction. One such alternative is Bitcoin Unlimited (BTU). Proponents of BTU have suggested to use a type of majority attack to force other Bitcoin miners to adopt BTU.

Original language	English
Title of host publication	NASA Formal Methods
Subtitle of host publication	10th International Symposium, NFM 2018 Newport News, VA, USA, April 17-19, 2018 Proceedings
Editors	Aaron Dutle, César Muñoz, Anthony Narkawicz
Place of Publication	Cham
Publisher	Springer
Pages	157-163
Number of pages	7
ISBN (Electronic)	978-3-319-77935-5
ISBN (Print)	978-3-319-77934-8
DOIs	https://doi.org/10.1007/978-3-319-77935-5_11
Publication status	Published - 2018
Event	10th International Symposium on NASA Formal Methods 2018 - Newport News Marriott at City Center, Newport News, United States Duration: 17 Apr 2018 → 19 Apr 2018 Conference number: 10 https://shemesh.larc.nasa.gov/NFM2018/

Publication series

Name	Lecture Notes in Computer Science
Publisher	Springer
Volume	10811
ISSN (Print)	0302-9743

Conference

Conference	10th International Symposium on NASA Formal Methods 2018
Abbreviated title	NFM 2018
Country/Territory	United States
City	Newport News
Period	17/04/18 → 19/04/18
Internet address	https://shemesh.larc.nasa.gov/NFM2018/

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10.1007/978-3-319-77935-5_11

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Fehnker, A., & Chaudhary, K. (2018). Twenty Percent and a Few Days: Optimising a Bitcoin Majority Attack. In A. Dutle, C. Muñoz, & A. Narkawicz (Eds.), NASA Formal Methods: 10th International Symposium, NFM 2018 Newport News, VA, USA, April 17-19, 2018 Proceedings (pp. 157-163). (Lecture Notes in Computer Science; Vol. 10811). Springer. https://doi.org/10.1007/978-3-319-77935-5_11

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abstract = "Bitcoin is a distributed online payment system that organises transactions into blocks. The size of blocks is limited to 1 megabyte, which also limits the number of transactions per second that can be confirmed. This year several attempts have been made to create a fork or a split that removes this restriction. One such alternative is Bitcoin Unlimited (BTU). Proponents of BTU have suggested to use a type of majority attack to force other Bitcoin miners to adopt BTU.",

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editor = "Aaron Dutle and C{\'e}sar Mu{\~n}oz and Anthony Narkawicz",

booktitle = "NASA Formal Methods",

address = "Germany",

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Fehnker, A & Chaudhary, K 2018, Twenty Percent and a Few Days: Optimising a Bitcoin Majority Attack. in A Dutle, C Muñoz & A Narkawicz (eds), NASA Formal Methods: 10th International Symposium, NFM 2018 Newport News, VA, USA, April 17-19, 2018 Proceedings. Lecture Notes in Computer Science, vol. 10811, Springer, Cham, pp. 157-163, 10th International Symposium on NASA Formal Methods 2018, Newport News, Virginia, United States, 17/04/18. https://doi.org/10.1007/978-3-319-77935-5_11

Twenty Percent and a Few Days: Optimising a Bitcoin Majority Attack. / Fehnker, Ansgar; Chaudhary, Kaylash.
NASA Formal Methods: 10th International Symposium, NFM 2018 Newport News, VA, USA, April 17-19, 2018 Proceedings. ed. / Aaron Dutle; César Muñoz; Anthony Narkawicz. Cham: Springer, 2018. p. 157-163 (Lecture Notes in Computer Science; Vol. 10811).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

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Twenty Percent and a Few Days: Optimising a Bitcoin Majority Attack

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