Attack and Vulnerability Simulation Framework for Bitcoin-like Blockchain Technologies

Abstract

Despite the very high volatility of the cryptocurrency markets, the interest in the development and adaptation of existing cryptocurrencies such as Bitcoin as well as new distributed ledger technologies is increasing. Therefore, understanding the security and vulnerability issues of such blockchain systems plays a critical role. In this work, we propose a configurable distributed simulation framework for analyzing Bitcoin-like blockchain systems which are based on Proof-of-Work protocols. The simulator facilitates investigating security properties of blockchain systems by enabling users to configure several characteristics of the blockchain network and executing different attack scenarios, such as double-spending attacks and flood attacks and observing the effects of the attacks on the blockchain network.