Re:Cost of a 51% attack for different cryptocurrencies?
by pat2man on Monday January 27, 2020 @11:34AM
(#22160882)
It’s an eventually consistent system, so you can defraud people who don’t take that into account. But internally it will always be consistent.
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Re:Cost of a 51% attack for different cryptocurrencies?
by 7777fps on Monday January 27, 2020 @12:16PM
(#22161418)
And by "don't take that into account" you mean "transact anything off chain" including other currencies, goods, services, etc.
Re:Cost of a 51% attack for different cryptocurrencies?
by pat2man on Monday January 27, 2020 @12:30PM
(#22161588)
You can transact off chain. You just have to calculate the likelihood that your transaction will go through, and adjust accordingly. The cost of a 51% attack for 24 hours is a lot higher than the cost for one hour, so if you want for 24 hours the likelihood goes way up.