Satoshi Risk Tables
Cyril Grunspan, Ricardo P\'erez-Marco
TL;DR
This paper introduces Bitcoin Security Tables that calculate the probability of a double spend attack succeeding based on attacker hash rate, number of confirmations, and time elapsed, aiding in assessing transaction security.
Contribution
It provides a novel set of tables quantifying double spend attack risks in Bitcoin, enhancing security assessment tools.
Findings
Provides probability estimates for attack success based on different parameters.
Helps users determine secure confirmation thresholds.
Offers a practical tool for evaluating Bitcoin transaction security.
Abstract
We present Bitcoin Security Tables computing the probability of success p(z,q,t) of a double spend attack by an attacker controlling a share q of the hashrate after z confirmations in time t.
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Taxonomy
TopicsData Quality and Management · Probability and Statistical Research · Advanced Database Systems and Queries