Evaluation of Hash Rate-based Double-Spending based on Proof-of-Work Blockchain

Suliyanti, Widya N. and Sari, Riri Fitri (2019) Evaluation of Hash Rate-based Double-Spending based on Proof-of-Work Blockchain. ICTC 2019 - 10th International Conference on ICT Convergence: ICT Convergence Leading the Autonomous Future. pp. 169-174. ISSN 2162-1233

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Abstract

A Blockchain is a distributed public ledger that hold immutable data in a secure and encrypted way to ensure that a transaction is safe and cannot be altered. It is implemented based on a consensus algorithm called Proof-of-Work (PoW) which confirms transactions and produces new blocks to the chain. With PoW, miners compete against each other to complete transactions on the network and get rewarded. In this paper, we simulate bitcoin, which is a well-known example of a Blockchain, to perform tasks such as network and blockchain simulation, and being the subject of a double spending attacks using a framework established by Arthur Gervais. This framework is utilized to evaluate the doublespending behavior of bitcoin based on an average attacker's hashrate as a proxy measure of the security of processed transactions. This stimulation runs in a discrete-event network simulator called NS-3. The result of this simulation shows that an increase in attacker's hashrate is parallel with an increase in number of double-spending attacks, an increase in attacker's income and the number of stale blocks posing a threat to transaction's security. Stale blocks increase the advantage of attacker in the double spending attacks in the network.

Item Type: Article
Additional Information: Date of Conference: 16-18 October 2019 Conference Location: Jeju, Korea (South)
Uncontrolled Keywords: Distributed databases, Blockchain, Bitcoin, Information and communication technology, Cryptography, Task analysis, Convergence, Proof of Work, PoW, hash rate, double spending, NS-3lockchain, doublespending, security
Subjects: Bidang Keilmuan > Algoritma
Bidang Keilmuan > Blockchain Technology
Bidang Keilmuan > Data Analytics
Bidang Keilmuan > Data Clustering
Bidang Keilmuan > Data Mining
Bidang Keilmuan > Data Science
Bidang Keilmuan > Database
Bidang Keilmuan > Deep learning
Jurnal
Bidang Keilmuan > Teknik Informatika
Bidang Keilmuan > Information Technology
Divisions: Fakultas Telematika Energi > S1 Teknik Informatika
Depositing User: Yudha Formanto
Date Deposited: 11 May 2026 04:15
Last Modified: 11 May 2026 04:15
URI: https://repository.itpln.ac.id/id/eprint/6692

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