Analysis of Nakamoto Consensus, Revisited

October 18, 2019 Β· Declared Dead Β· πŸ› IACR Cryptology ePrint Archive

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Authors Jianyu Niu, Chen Feng, Hoang Dau, Yu-Chih Huang, Jingge Zhu arXiv ID 1910.08510 Category cs.CR: Cryptography & Security Cross-listed cs.DC, cs.IT Citations 14 Venue IACR Cryptology ePrint Archive Last Checked 4 months ago
Abstract
In the Bitcoin white paper, Nakamoto proposed a very simple Byzantine fault tolerant consensus algorithm that is also known as Nakamoto consensus. Despite its simplicity, some existing analysis of Nakamoto consensus appears to be long and involved. In this technical report, we aim to make such analysis simple and transparent so that we can teach senior undergraduate students and graduate students in our institutions. This report is largely based on a 3-hour tutorial given by one of the authors in June 2019.
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