Topic: [2016-07-29]-CCN-Blockchain Can Be Secured Even if 51% of Miners Are Malicious (Read 254 times)
July 29, 2016, 12:15:36 PM
that this hybrid solution protects from both malicious stakeholders, as there would be the proof of work aspect and malicious miners as there would be the proof of stake aspect
July 29, 2016, 08:55:26 AM
Researchers Claim Bitcoin’s Blockchain Can Be Secured Even if 51% of Miners Are Malicious
One of the fundamental assumptions of blockchains, whether public or private, is that 51% of actors, especially miners, are honest. Logically, the more actors there are, the more the assumption stands. However, numerous bitcoin developers, including Gregory Maxwell, Peter Todd, Luke-Jr and others, have stated that bitcoin mining is centralized in two or three individuals.
https://www.cryptocoinsnews.com/researchers-bitcoin-blockchain-secured-inspite-of-51-attack/
One of the fundamental assumptions of blockchains, whether public or private, is that 51% of actors, especially miners, are honest. Logically, the more actors there are, the more the assumption stands. However, numerous bitcoin developers, including Gregory Maxwell, Peter Todd, Luke-Jr and others, have stated that bitcoin mining is centralized in two or three individuals.
https://www.cryptocoinsnews.com/researchers-bitcoin-blockchain-secured-inspite-of-51-attack/
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