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Bitcoin’s innovative and distributedly maintained blockchain data structure hinges on the adequate degree of difficulty of so-called “proofs of work,” which miners have to produce in order for transac...
The Bitcoin Backbone Protocol: Analysis and Applications
The Bitcoin Backbone Protocol Analysis Applications
2016/1/7
Bitcoin is the first and most popular decentralized cryptocurrency to date. In this work, we
extract and analyze the core of the Bitcoin protocol, which we term the Bitcoin backbone, and
prove two o...