Evaluation of security and performance of master node protocol in the bitcoin peer-to-peer network

Muntadher Sallal, Gareth Owenson, Mo Adda

Research output: Chapter in Book/Report/Conference proceedingConference contribution

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Abstract

The mechanism of peers randomly choosing logical neighbors without any knowledge about underlying physical topology can cause a delay overhead in information propagation which makes the system vulnerable to double spend attacks. This paper introduces a proximity-aware extensions to the current Bitcoin protocol, named Master Node Based Clustering (MNBC). The ultimate purpose of the proposed protocol is to improve the information propagation delay in the Bitcoin network.

Original languageEnglish
Title of host publicationIEEE International Conference on Blockchain and Cryptocurrency, ICBC 2020
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781728166803
ISBN (Print)978-1-7281-6681-0
DOIs
Publication statusPublished - 17 Aug 2020
Event2nd IEEE International Conference on Blockchain and Cryptocurrency - Virtual, Canada
Duration: 2 May 20206 May 2020

Conference

Conference2nd IEEE International Conference on Blockchain and Cryptocurrency
Abbreviated titleICBC 2020
Country/TerritoryCanada
Period2/05/206/05/20

Keywords

  • Bitcoin network
  • Clustering
  • Propagation delay

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