Hello Reddit, We recently put together an analysis piece on how 51% attacks can impact the crypto market.
here is a small excerpt from the article which we believe is allowing threats of these attacks to become more commonplace.
In order to remain decentralized, cryptocurrencies using a proof of work system must not allow a single party to control the majority of total hashing power.
But as the global pool of hashing power grows more liquid, cryptocurrencies need to pass another important test. They must be able to resist an attack from the total rentable global hashing power for their specific algorithm. Otherwise, arbitrageurs may find it financially attractive to rent hashing power in order to perform 51% attacks.
You can go read the entire article here
I would love to hear any feedback you might have on the article.
Submitted February 21, 2019 at 11:56PM by enderpotato http://bit.ly/2U1rVR0
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