UCL  IRIS
Institutional Research Information Service
UCL Logo
Please report any queries concerning the funding data grouped in the sections named "Externally Awarded" or "Internally Disbursed" (shown on the profile page) to your Research Finance Administrator. Your can find your Research Finance Administrator at https://www.ucl.ac.uk/finance/research/rs-contacts.php by entering your department
Please report any queries concerning the student data shown on the profile page to:

Email: portico-services@ucl.ac.uk

Help Desk: http://www.ucl.ac.uk/ras/portico/helpdesk
Publication Detail
Modeling a Double-Spending Detection System for the Bitcoin Network
  • Publication Type:
    Journal article
  • Authors:
    Javarone MA, Wright CS
  • Keywords:
    physics.soc-ph, physics.soc-ph, cs.SI
  • Notes:
    14 pages, 4 figures, 1 table
Abstract
The Bitcoin protocol prevents the occurrence of double-spending (DS), i.e. the utilization of the same currency unit more than once. At the same time a DS attack, where more conflicting transactions are generated, might be performed to defraud a user, e.g. a merchant. Therefore, in this work, we propose a model for detecting the presence of conflicting transactions by means of an 'oracle' that polls a subset of nodes of the Bitcoin network. We assume that the latter has a complex structure. So, we investigate the relation between the topology of several complex networks and the optimal amount, and distribution, of a subset of nodes chosen by the oracle for polling. Results show that small-world networks require to poll a smaller amount of nodes than regular networks. In addition, in random topologies, a small number of polled nodes can make a detection system fast and reliable even if the underlying network grows.
Publication data is maintained in RPS. Visit https://rps.ucl.ac.uk
 More search options
There are no UCL People associated with this publication
University College London - Gower Street - London - WC1E 6BT Tel:+44 (0)20 7679 2000

© UCL 1999–2011

Search by