Re:Attacking the DeFi ecosystem with flash loans for fun and...
by EGreg on Sunday January 17, 2021 @01:25AM
(#25808640)
Yes, it is a good step forward.
Really, what you need is a distributed hash table (like MaidSAFE), or randomness beacons (like Algorand) to select a subset of the network. This paper shows mathematically that the probability of a double-spend goes down exponentially with the number of notaries, and having the entire network secure every transaction, no matter the size, is wayyyy overkill:
Really, what you need is a distributed hash table (like MaidSAFE), or randomness beacons (like Algorand) to select a subset of the network. This paper shows mathematically that the probability of a double-spend goes down exponentially with the number of notaries, and having the entire network secure every transaction, no matter the size, is wayyyy overkill:
https://arxiv.org/pdf/0802.0832v1.pdf