@article{Popov_2016, title={A Probabilistic Analysis of the Nxt Forging Algorithm}, volume={1}, url={https://www.ledgerjournal.org/ojs/ledger/article/view/46}, DOI={10.5195/ledger.2016.46}, abstractNote={<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>}, journal={Ledger}, author={Popov, Serguei}, year={2016}, month={Dec.}, pages={69-83} }