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A comment on Democoin: A Publicly Verifiable and Jointly Serviced Cryptocurrency [pdf]. Parent comment
If some percent of the nodes are malicious, that means sometimes an election will include a majority of them and they will create a false transaction.
This means only some transactions are trustworthy, not all.
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If some percent of the nodes are malicious, that means sometimes an election will include a majority of them and they will create a false transaction.
This means only some transactions are trustworthy, not all.