Network propagation
Network Propagation Network propagation: Assume a simple model for how quickly Bitcoin blocks propagate through the network: after t seconds, a group of miners controlling a proportion α(t) of the mining power has heard about the transaction, up to some point tmax after which all miners will have heard about it. That is, α(t)=1 for all t≥tmax . Further assume that α(0)=0 and α(t) is monotonically increasing in t. Assume that blocks are found in […]