HackerPapers

arXiv:2003.00001math.HO

The mathematics of Bitcoin

Cyril Grunspan, Ricardo Pérez-Marco

HN submission. Found in a submission link or body. Submitters do not count as commenters in the main ranking; a submission is not an endorsement.

Abstract

We survey recent results on the mathematical stability of Bitcoin protocol. Profitability and probability of a double spend are estimated in closed form with classical special functions. The stability of Bitcoin mining rules is analyzed and several theorems are proved using martingale and combinatorics techniques. In particular, the empirical observation of the stability of the Bitcoin protocol is proved. This survey article on the mathematics of Bitcoin is published by the Newsletter of the European Mathematical Society, vol.115, 2020, p.31-37. Continuation of arXiv:1601.05254 (EMS Newsletter, 100, 2016 p.32).

arXiv comments
7 pages, 4 figures
Journal reference
EMS Newsletter [115 (2020)], [31-37]. \c{opyright} European Mathematical Society
DOI
Subjects
math.HOHistory and Overview cs.CRCryptography and Security

On Hacker News

No comments linking this paper were found in the collected sources. Found in 1 HN submission from Mar 2020 to Mar 2020. Open submission discussions.

Comments linking this paper, per year.

Discussed in comments0 threads

No comments linking this paper were found in the collected sources. Open submission discussions.

Submitted to Hacker News

Connected through shared HN threads, not inferred similarity or a recommendation.