Bitcoin Selfish Mining Modeling and Dependability Analysis

Blockchain technology has gained prominence over the last decade. Numerous achievements have been made regarding how this can be utilized in different aspects of industry, market, and governmental departments. Due to safety-critical security-critical nature their uses, it is pivotal model dependability blockchain-based systems. In study, we focus on Bitcoin, a peer-to-peer cryptocurrency system. A continuous-time Markov chain-based analytical method put forward quantify Bitcoin system under selfish mining attacks. Numerical results are provided examine influences several key parameters related miners’ computing power, attack triggering, honest recovery capability. The conclusion based research may contribute design resilience algorithms enhance self-defense robustness