Theoretical Bitcoin Attacks with less than Half of the Computational Power (draft)

25 Dec 2013Lear Bahack

A widespread security claim of the Bitcoin system, presented in the original Bitcoin white-paper, states that the security of the system is guaranteed as long as there is no attacker in possession of half or more of the total computational power used to maintain the system. This claim, however, is proved based on theoretically flawed assumptions... (read more)

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