Re: [bitcoin-dev] Bitcoin-NG whitepaper.

[Ittay <ittay.eyal@cornell.edu>]

[-- Attachment #1: Type: text/plain, Size: 2554 bytes --]

On Wed, Oct 14, 2015 at 2:20 PM, Bob McElrath <bob@mcelrath.org> wrote:

> So it seems to me that all I need to do is figure out who the current
> leader is,
> and DDoS him off the network to shut Bitcoin-NG down.
>
> This is a significant advantage to bitcoin's ex-post-facto blocks: no one
> knows
> where the next one will come from.  The only way to shut the network down
> is to
> shut all nodes down.
>

That's an interesting point, but such an attack is difficult to pull off.
Miners
often run multiple well connected nodes, allowing them to propagate their
generated blocks from multiple vantage points.

Best,
Ittay


>
> Emin Gün Sirer via bitcoin-dev [bitcoin-dev@lists.linuxfoundation.org]
> wrote:
> > Hi everyone,
> >
> > We just released the whitepaper describing Bitcoin-NG, a new technique
> for
> > addressing some of the scalability challenges faced by Bitcoin.
> Surprisingly,
> > Bitcoin-NG can simultaneously increase throughput while reducing
> latency, and
> > do so without impacting Bitcoin's open architecture or changing its trust
> > model. This post illustrates the core technique:
> >      http://hackingdistributed.com/2015/10/14/bitcoin-ng/
> > while the whitepaper has all the nitty gritty details:
> >      http://arxiv.org/abs/1510.02037
> >
> > Fitting NG on top of the current Bitcoin blockchain is future work that
> we
> > think is quite possible. NG is compatible with both Bitcoin as is, as
> well as
> > Blockstream-like sidechains, and we currently are not planning to compete
> > commercially with either technology -- we see NG as being complementary
> to both
> > efforts. This is pure science, published and shared with the community to
> > advance the state of blockchains and to help them reach throughputs and
> > latencies required of cutting edge fintech applications. Perhaps it can
> be
> > adopted, or perhaps it can provide the spark of inspiration for someone
> else to
> > come up with even better solutions.
> >
> > We would be delighted to hear your feedback.
> > - Ittay Eyal and E. Gün Sirer.
> >
> > !DSPAM:561e98cd301391127216946!
>
> > _______________________________________________
> > bitcoin-dev mailing list
> > bitcoin-dev@lists.linuxfoundation.org
> > https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
> >
> >
> > !DSPAM:561e98cd301391127216946!
>
> --
> Cheers, Bob McElrath
>
> "For every complex problem, there is a solution that is simple, neat, and
> wrong."
>     -- H. L. Mencken
>
>

[-- Attachment #2: Type: text/html, Size: 3701 bytes --]