Misbehavior in Bitcoin: A Study of Double-Spending and Accountability

@article{Karame2015MisbehaviorIB,
  title={Misbehavior in Bitcoin: A Study of Double-Spending and Accountability},
  author={Ghassan O. Karame and Elli Androulaki and Marc Roeschlin and Arthur Gervais and Srdjan Capkun},
  journal={ACM Trans. Inf. Syst. Secur.},
  year={2015},
  volume={18},
  pages={2:1-2:32}
}
Bitcoin is a decentralized payment system that relies on Proof-of-Work (PoW) to resist double-spending through a distributed timestamping service. To ensure the operation and security of Bitcoin, it is essential that all transactions and their order of execution are available to all Bitcoin users. Unavoidably, in such a setting, the security of transactions comes at odds with transaction privacy. Motivated by the fact that transaction confirmation in Bitcoin requires tens of minutes, we… CONTINUE READING

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