Satoshi Dice: history, principles, and effects on the Bitcoin network

Supervisor(s)Svetlana Abramova, MSc


One of the largest stress tests on the Bitcoin system to date has been the emergence of so-called dice games with the most popular gambling game Satoshi Dice. A player sends a handpicked amount of bitcoin to an address controlled by Satoshi Dice. The service instantly creates a new transaction to the incoming transaction’s source address and returns the prize, if the dice roll is smaller than the player’s chosen number, or a very small output value to signal a loss.

The goal of this thesis is to study the principles and mechanisms of Satoshi Dice in detail. It should be examined how the emergence of this service influenced the total number and volume of Bitcoin transactions by analyzing and evaluating the blockchain.


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