Re:Telegram plans multi-billion dollar ICO for chat cryptocu...
by maksimum on Monday January 08, 2018 @12:15PM
(#16098173)
> Very much depends on their proof of stake implementation
Exactly, if someone with >50% power can essentially double spend it makes the currency as a whole almost worthless. As a result it's very much in the creator's interest to either not have >50% or to come up with a distributed consensus algorithm where a majority party can't double spend (very hard).
Exactly, if someone with >50% power can essentially double spend it makes the currency as a whole almost worthless. As a result it's very much in the creator's interest to either not have >50% or to come up with a distributed consensus algorithm where a majority party can't double spend (very hard).