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Topic: Mined 2 coins who's chains both split and miners lost out (Read 220 times)

0xcosmos
full member
Activity: 585
Merit: 110
Mined 2 coins who's chains both split and miners lost out
February 19, 2018, 04:10:52 AM
#6
Quote from: Digital Drug Lord on February 17, 2018, 12:23:47 PM
Quote from: Vann on February 10, 2018, 04:25:36 PM
Not necessarily. A low network hash rate means it's easy to do a 51% attack on the chain and fork off. No dev can prevent that, but a good project will have lots of hash power, making forking the chain much harder. Sometimes it's caused by bugs in the wallet, which a good dev team can prevent.


Are there any algos that can survive a %51 attack if the coin has a low has rate?

no can do
pos and other consensus can provide a better solution for this attack but even they are susceptible
Digital Drug Lord
member
Activity: 308
Merit: 12
Re: Mined 2 coins who's chains both split and miners lost out
February 17, 2018, 12:23:47 PM
#5
Quote from: Vann on February 10, 2018, 04:25:36 PM
Not necessarily. A low network hash rate means it's easy to do a 51% attack on the chain and fork off. No dev can prevent that, but a good project will have lots of hash power, making forking the chain much harder. Sometimes it's caused by bugs in the wallet, which a good dev team can prevent.


Are there any algos that can survive a %51 attack if the coin has a low has rate?
Vann
hero member
Activity: 1036
Merit: 606
Re: Mined 2 coins who's chains both split and miners lost out
February 10, 2018, 04:25:36 PM
#4
Not necessarily. A low network hash rate means it's easy to do a 51% attack on the chain and fork off. No dev can prevent that, but a good project will have lots of hash power, making forking the chain much harder. Sometimes it's caused by bugs in the wallet, which a good dev team can prevent.
Digital Drug Lord
member
Activity: 308
Merit: 12
Re: Mined 2 coins who's chains both split and miners lost out
February 10, 2018, 04:19:01 PM
#3
Quote from: Vann on February 10, 2018, 04:17:15 PM
Dems da breaks of mining shitcoins with a low network hash rate and questionable 'Devs'.

So it's the devs fault?
Vann
hero member
Activity: 1036
Merit: 606
Re: Mined 2 coins who's chains both split and miners lost out
February 10, 2018, 04:17:15 PM
#2
Dems da breaks of mining shitcoins with a low network hash rate and questionable 'Devs'.
Digital Drug Lord
member
Activity: 308
Merit: 12
Re: Mined 2 coins who's chains both split and miners lost out
February 10, 2018, 03:49:58 PM
#1
I didn't lose out but I'm wondering how secure is their Network if this can happen?
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