Re:Ethereum Proof-of-Stake
by dragontamer on Thursday July 07, 2022 @11:23AM
(#32015256)
If it's like BTC, then can't you spend coin, then attest that a different head was the correct chain, thereby undoing the transaction? (Assuming you have enough hashing power / staking power to get people to believe a different head)
[ Parent
| on HN ]
Great question, PoS actually has stronger guarantees against double-spending than PoW does. For PoW you just need to temporarily rent enough hashpower to do a mild reorg.
PoS has a concept called "block finality", where once a block has been marked finalized it cannot be reorged without committing to getting slashed for 1/3 of total staked ether (several billion dollars). Blocks typically get finalized after 6 minutes. This is possible because you can explicitly check whether validators have voted (attested) for two separate blocks at the same chain height.