Open access repository

Home Open access repository

In 2014, we launched our open-access repository which offers full text access to conference proceedings from many of our events including the INC and HAISA series. These papers are free to access and distribute (subject to citing the source).

» Openaccess proceedings » Eleventh International Network Conference (INC 2016)

Eleventh International Network Conference (INC 2016)

Eleventh International Network Conference (INC 2016)
Frankfurt, Germany, July 19-21, 2016
ISBN: 978-1-84102-410-3

Title: Bitcoin Network Measurements for Simulation Validation and Parameterization
Author(s): Muntadher Fadhil Sallal, Gareth Owen, Mo Adda
Reference: pp109-114
Keywords: Bitcoin ; Propagation delay ;Simulation Validation
Abstract: Bitcoin is gaining increasing popularity nowadays, even though the crypto-currencies field has plenty of digital currencies that have emerged before the adoption of Bitcoin idea. Bitcoin is a decentralized digital currency which relies on set of miners to maintain a distributed public ledger and peer-to-peer network to broadcast transactions. In this paper, we analyse how transactions validation is achieved by transactions propagation round trip and how transactions dissemination throughout the network can lead to inconsistencies in the view of the current transactions ledger by different nodes. We then measure the transactions propagation delay in the real Bitcoin network and how it is affected by the number of nodes and network topology. This measurement enables a precise validation of any simulation model of the Bitcoin network. Large-scale measurements of the real Bitcoin network are performed in this paper. This will provide an opportunity to parameterize any model of the Bitcoin system accurately.
Download count: 2833

How to get this paper:

Download a free PDF copy of this paperBuy this book at

PDF copy of this paper is free to download. You may distribute this copy providing you cite this page as the source.