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Re:IBM has cut its blockchain team down to almost nothing – ... by kindofajsdev on Wednesday February 03, 2021 @01:33PM (#26017269)
Isn't that why some coins are moving to proof of stake instead of proof of work? Solves the energy crisis. Idk if proof of stake prevents 51% attacks though.
Re:IBM has cut its blockchain team down to almost nothing – ... by thesz on Wednesday February 03, 2021 @01:53PM (#26017536)
Proof of stake does not offer any resistance to Cybil attack or (part time) collusion of stake holders.

In the case of such attacks the victims will find themselves in a situation that can be described as "shadow ban" - their transactions are not accepted or accepted too late, etc.

Re:IBM has cut its blockchain team down to almost nothing – ... by madmax96 on Wednesday February 03, 2021 @01:46PM (#26017446)
Proof of stake doesn't prevent 51% attacks. It eliminates the incentive. If an attacker controls 51% of coins, why would they attack the network? That would be attacking their own wealth.
Re:IBM has cut its blockchain team down to almost nothing – ... by Jasper_ on Wednesday February 03, 2021 @05:28PM (#26020030)
Not if they can attack the network without anybody knowing. If an attacker secretly controls 51% of the coins (by, say, having three separate entities that each control 15-20%) and can manipulate the market in their favor by rejecting transactions that would hurt them, that's a big incentive.