Re:Vitalik Buterin Has Left VC Firm Fenbushi Capital
by nullc on Tuesday January 16, 2018 @01:32AM
(#16156250)
> with no loss of safety.
That simply isn't true. Accepting a blockchain blindly without validating is the Bitcoin SPV model. In ethereum it amounts to an undiversified risk that the two mining pools needed to constitute a majority hashpower (ethermine and f2pool) will not violate the protocol, or-- if you are accepting state with few confirmations as final-- that _any_ miner will not violate the protocol.
Re:Vitalik Buterin Has Left VC Firm Fenbushi Capital
by sova on Tuesday January 16, 2018 @01:52AM
(#16156312)
Headers are fingerprints / unique hashes. If someone else has already derived account balances to a particular point, it may be enough to avoid duplicating the chain.
That simply isn't true. Accepting a blockchain blindly without validating is the Bitcoin SPV model. In ethereum it amounts to an undiversified risk that the two mining pools needed to constitute a majority hashpower (ethermine and f2pool) will not violate the protocol, or-- if you are accepting state with few confirmations as final-- that _any_ miner will not violate the protocol.