Nakamoto consensus

[vgsantoniazzi]

In the Bitcoin white paper [1], Nakamoto proposed a very simple Byzantine fault tolerant consensus algorithm
that is also known as Nakamoto consensus. Despite its simplicity, some existing analysis of Nakamoto consensus
appears to be long and involved. In this technical report, we aim to make such analysis simple and transparent
so that we can teach senior undergraduate students and graduate students in our institutions. This report is largely
based on a 3-hour tutorial given by one of the authors in June 2019 [2].

From https://arxiv.org/pdf/1910.08510.pdf