TY - JOUR AU - Popov, Serguei PY - 2016/12/21 Y2 - 2024/03/28 TI - A Probabilistic Analysis of the Nxt Forging Algorithm JF - Ledger JA - ledger VL - 1 IS - 0 SE - Research Articles DO - 10.5195/ledger.2016.46 UR - https://ledgerjournal.org/ojs/ledger/article/view/46 SP - 69-83 AB - <div class="page" title="Page 1"><div class="layoutArea"><div class="column"><p><span>We discuss the forging algorithm of Nxt from a probabilistic point of view, and obtain explicit formulas and estimates for several important quantities, such as the probability that an account generates a block, the length of the longest sequence of consecutive blocks generated by one account, and the probability that one concurrent blockchain wins over an- other one. Also, we discuss some attack vectors related to splitting an account into many smaller ones. </span></p></div></div></div> ER -