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DOI: 10.1109/INM.2015.7140490

A Simulation Model for Analysis of Attacks on the Bitcoin Peer-to-Peer Network

Neudecker, T.; Andelfinger, P.; Hartenstein, H.

We present a simulation model of the Bitcoin peer-to-peer network, a widely deployed distributed electronic currency system. The model enables evaluations of the feasibility and cost of attacks on the Bitcoin network at full scale of 6,000 nodes. The simulation model is based on unmodified code from core segments of the Bitcoin reference implementation used by 99% of nodes. Parametrization of the model is performed based on large-scale measurements of the real-world network. We present preliminary validation results showing a reasonable correspondence of the propagation of messages in the Bitcoin network compared with simulation results. We apply the model to study the feasibility of a partitioning attack on the network and show that the attack is sensitive to the churn of the attacking nodes.

Zugehörige Institution(en) am KIT Institut für Telematik (TM)
Steinbuch Centre for Computing (SCC)
Kompetenzzentrum für angewandte Sicherheitstechnologie (KASTEL)
Publikationstyp Proceedingsbeitrag
Jahr 2015
Sprache Englisch
Identifikator ISBN: 978-390188276-0
KITopen ID: 1000049824
HGF-Programm 46.12.03; LK 01
Erschienen in 1st IEEE/IFIP Workshop on Security for Emerging Distributed Network Technologies (DISSECT), 15th May 2015, Ottawa, Canada. Ed.: R. Badonnel
Verlag IEEE, Piscataway (NJ)
Seiten 1327-1332
Projektinformation KASTEL I (BMBF, 01BY1172 / 16BY1172)
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