Three variations of Heads or Tails Game for Bitcoin

arXiv:2405.04168v1 Announce Type: new
Abstract: We present three very simple variants of the classic Heads or Tails game using chips, each of which contributes to our understanding of the Bitcoin protocol. The first variant addresses the issue of temporary Bitcoin forks, which occur when two miners discover blocks simultaneously. We determine the threshold at which an honest but temporarily ``Byzantine'' miner persists in mining on their fork to save his orphaned blocks. The second variant of Heads or Tails game …

addresses arxiv bitcoin chips cs.cr discover game issue math.pr miners protocol simple tails understanding