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The Bitcoin Backbone Protocol: Analysis and Applications.
ADVANCES IN CRYPTOLOGY - EUROCRYPT 2015, PT II, (2015): 281-310
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 of its fundamental properties which we call common prefix and chain quality in the static setting where the number of players remains fixed. Ou...More
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