Feb 24, 2015: Martijn Bastiaan: Preventing the 51%-Attack in Bitcoin: an analysis of Two-Phase Proof-of-Work

February 24, 2015Preventing the 51%-Attack in Bitcoin: an analysis of Two-Phase Proof-of-Work
Room: HB 2AMartijn Bastiaan
12:30-13:30

"Bitcoin has been steadily growing for the last couple of years, but is threatened by the formation of large pools. By forcing pool operators to distribute their coinbase's private key, this effect may be severely limited. This method is analysed using Continuous-time Markov Chains.

 The meeting will start with an explanation of Bitcoin itself: why and how does it work? Why is it safe? It will then proceed to explain the potential solution and analysis.""