What Is The Consistency Of Bitcoin

Last Updated on February 17, 2023 by Paganoto

Why Bitcoin is Consistent, Not Eventually Consistent – Due

In a 2014 research paper entitled, “Bitcoin meets strong consistency,” the researchers contend that the Bitcoin actually only provides eventual consistency and is prohibitively slow for that reason. Instead, the paper suggests that a new system can be built that focuses on strong consistency instead.Jun 17, 2022

Bitcoin's Consistency Property | IEEE Conference Publication

by L Tseng · 2017 · Cited by 10 — For the ledger system, consistency is an important property which specifies how the system orders the transactions. Intuitively, Blockchain is designed to …

Bitcoin Guarantees Strong, not Eventual, Consistency

Specifically, it guarantees serializability, with a probability that is exponentially decreasing with latency.

Bitcoin Meets Strong Consistency

by CDJSR Wattenhofer · 2016 · Cited by 234 — ABSTRACT. The Bitcoin system only provides eventual consistency. For everyday life, the time to confirm a Bitcoin transaction is prohibitively slow.

Bitcoin meets strong consistency – ACM Digital Library

The Bitcoin system only provides eventual consistency. For everyday life, the time to confirm a Bitcoin transaction is prohibitively slow.

Bitcoin's Consistency Property – IEEE Computer Society

by L Tseng · 2017 · Cited by 10 — However, we show that under some circumstances, Bitcoin violates eventual consistency, i.e., participants would not converge to a single chain. Thus, we urge a …

(PDF) Bitcoin Meets Strong Consistency – ResearchGate

PDF | The Bitcoin system only provides eventual consistency. For everyday life, the time to confirm a Bitcoin transaction is prohibitively …

[1412.7935] Bitcoin Meets Strong Consistency – arXiv

by C Decker · 2014 · Cited by 234 — The Bitcoin system only provides eventual consistency. For everyday life, the time to confirm a Bitcoin transaction is prohibitively slow.

Enhancing Bitcoin Security and Performance with … – USENIX

by EK Kogias · 2016 · Cited by 699 — Enhancing Bitcoin Security and Performance with Strong Consistency via Collective Signing … Abstract: While showing great promise, Bitcoin requires users to …

Tight Consistency Bounds for Bitcoin – IOHK Research

Tight Consistency Bounds for Bitcoin, , November/2020. … We establish the optimal security threshold for the Bitcoin protocol in terms of adversarial …

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Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.