[Resource Topic] 2019/1225: Analysis of Nakamoto Consensus, Revisited

Welcome to the resource topic for 2019/1225

Title:
Analysis of Nakamoto Consensus, Revisited

Authors: Jianyu Niu, Chen Feng, Hoang Dau, Yu-Chih Huang, Jingge Zhu

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.

ePrint: https://eprint.iacr.org/2019/1225

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