DC Field | Value | Language |
---|---|---|
dc.contributor.author | Baek, Seungjin | ko |
dc.contributor.author | Nam, Hocheol | ko |
dc.contributor.author | Oh, Yongwoo | ko |
dc.contributor.author | Tran, Muoi | ko |
dc.contributor.author | Kang, Min Suk | ko |
dc.date.accessioned | 2022-11-15T06:00:58Z | - |
dc.date.available | 2022-11-15T06:00:58Z | - |
dc.date.created | 2022-11-13 | - |
dc.date.created | 2022-11-13 | - |
dc.date.issued | 2022-05-05 | - |
dc.identifier.citation | Financial Cryptography and Data Security 2022 | - |
dc.identifier.uri | http://hdl.handle.net/10203/299642 | - |
dc.description.abstract | Recent Bitcoin attacks [15,17,18] commonly exploit the phe-nomenon of so-called weak block synchronization in Bitcoin. The attacks use two independently-operated Bitcoin monitors — i.e., Bitnodes and a system of customized supernodes — to confirm that block propagation in Bitcoin is surprisingly slow. In particular, Bitnodes constantly reports that around 30% of nodes are 3 blocks (or more) behind the blockchain tip and the supernodes show that on average more than 60% of nodesdo not receive the latest block even after waiting for 10 minutes. In this paper, we carefully re-evaluate these controversial claims with our own experiments in the live Bitcoin network and show that block propagation in Bitcoin is, in fact, fast enough (e.g., most peers we monitor receive new blocks in about 4 seconds) for its safety property. We identify several limitations and bugs of the two monitors, which have led to these inac- curate claims about the Bitcoin block synchronization. We finally ask several open-ended questions regarding the technical and ethical issues around monitoring blockchain networks. | - |
dc.language | English | - |
dc.publisher | International Financial Cryptography Association | - |
dc.title | Short Paper: On the Claims of Weak Block Synchronization in Bitcoin | - |
dc.type | Conference | - |
dc.identifier.scopusid | 2-s2.0-85142755919 | - |
dc.type.rims | CONF | - |
dc.citation.publicationname | Financial Cryptography and Data Security 2022 | - |
dc.identifier.conferencecountry | GD | - |
dc.identifier.conferencelocation | Grenada | - |
dc.contributor.localauthor | Kang, Min Suk | - |
dc.contributor.nonIdAuthor | Baek, Seungjin | - |
dc.contributor.nonIdAuthor | Nam, Hocheol | - |
dc.contributor.nonIdAuthor | Oh, Yongwoo | - |
dc.contributor.nonIdAuthor | Tran, Muoi | - |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.