SATIN / PROOF-OF-WORK LAB

Confirmations change the odds—not certainty.

Explore the simplified catch-up model described in the Bitcoin whitepaper. Change the assumed attacker hash share and confirmation count to see how the mathematical estimate moves.

These are hypothetical inputs, not a measurement of the Bitcoin network or any actor.

What the model assumes

The whitepaper model treats honest and attacking miners as competing Poisson processes and asks for the probability that an attacker catches up after z blocks, given a fixed fraction q of total hashpower. This interactive view reproduces that simplified mathematical scenario; it is not a current network-risk score.

It does not model changing hashpower, fee incentives, transaction value, miner coordination, network partitions, software bugs, custodial controls, or the full economic context of a real attack. Confirmation policy should be set by the service handling the payment and the value and risk of that payment.

Read the full double-spending explanation →