Topic: Dogecoin Fork. is it a big problem or not? (Read 927 times)
but didn't the last fork... NOT involve a 51% attack?
so... it is possible to fork it. with a bug..
that's why I am somewhat concerned.
is this behind us now?
I m worried about hacking potentials...
can a potential hacker 'proposely' fork it?
that will then temporarily allow double spending on each fork which will appear legit until forking is fixed right?
purpose forking would require a 51% attack. You need to dominate the network. If pools do not have proper DDOS protection then a hacker can take down all the pools and solo mine DOGE. Hashrate drops because most people dont watch their miners 24/7 so hashrate drops and makes it easier to fork.
here comes satoshi's argument, if this hash rate drops, why does he bother to fork it because he cannot reverse previous transactions anyway. he will just solo mine.
but if he only know how to hack that 51% pool, it will be a different story
Much concern
I m worried about hacking potentials...
can a potential hacker 'proposely' fork it?
that will then temporarily allow double spending on each fork which will appear legit until forking is fixed right?
purpose forking would require a 51% attack. You need to dominate the network. If pools do not have proper DDOS protection then a hacker can take down all the pools and solo mine DOGE. Hashrate drops because most people dont watch their miners 24/7 so hashrate drops and makes it easier to fork.
I m worried about hacking potentials...
can a potential hacker 'proposely' fork it?
that will then temporarily allow double spending on each fork which will appear legit until forking is fixed right?
Dogecoin is a big issue investors/miners will loose a lot of money because of this most especially to those who don't really know about fork chain. Coin devs should contact multiple exchanges or pools immediately to make some announcements ahead for every coin that has a fork to avoid investment loses.
forks are bad. People who don't acknowledge them are ignorant of what it means. PersonA sends a transaction on ChainA. ChainA forks and is now ChainA and ChainB. Person sends another transaction on ChainA. If ChainA is resolved as the dominant chain the transaction gets recorded and there are no problems. If ChainA loses dominant and ChainB wins then the transaction is lost. You lose. What sucks is that some people are transacting on ChainA and some are transacting on ChainB. No one knows what the dominant chain will be until they resolve. You are pretty much gambling with your coins if you send them while a fork is occuring.
That's the least of the problems with it. The real issue is, all it would take is a handful of cops showing up at Doge mining servers to take over the chain. Doge network is not distributed enough, and P2pool should be used about 10,000% more than it is now for PoW to work properly. Bitcoin has the exact same issue.
Hybrid PoW/PoS might take over if these problems continue.
I am a little new to crypto, but I am good enough with computers to understand the blockchain forking is pretty bad news.
however, the community in doge appears to not care about it, so I come to conclusion my understanding is not enough.
can anyone explain to me why it happened?
and it is a potential big problem? or is crypto advance enough to shrug it off?
forks are bad. People who don't acknowledge them are ignorant of what it means. PersonA sends a transaction on ChainA. ChainA forks and is now ChainA and ChainB. Person sends another transaction on ChainA. If ChainA is resolved as the dominant chain the transaction gets recorded and there are no problems. If ChainA loses dominant and ChainB wins then the transaction is lost. You lose. What sucks is that some people are transacting on ChainA and some are transacting on ChainB. No one knows what the dominant chain will be until they resolve. You are pretty much gambling with your coins if you send them while a fork is occuring.
Got forked because pool operators wanted less orphans, so they stayed on older code is my understanding of it. Not a very big deal. Just some human error. It does kind of show the network is not distributed enough though.
Unless P2pool improves and becomes the standard method of mining for all PoW coins, it might be the death of crypto. I guess PoW/PoS hybrid might escape that problem.
Unless P2pool improves and becomes the standard method of mining for all PoW coins, it might be the death of crypto. I guess PoW/PoS hybrid might escape that problem.
It's just a bump in the road. It happened once before. And if you notice Doge is dropping a little right now it's primarily due to the Mt. Gox issue. Doge will go right back up probably sometime in March. 
I am a little new to crypto, but I am good enough with computers to understand the blockchain forking is pretty bad news.
however, the community in doge appears to not care about it, so I come to conclusion my understanding is not enough.
can anyone explain to me why it happened?
and it is a potential big problem? or is crypto advance enough to shrug it off?
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