RE: 51% Attacks And The Future Of PoW

You are viewing a single comment's thread from:

51% Attacks And The Future Of PoW

in cryptocurrency •  7 years ago 

Yes thanks thats why i asked about Dpos,because 51% attacks are not possible,am i correct in this?

cryptocurrency
7 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.00
    4
    Authors get paid when people like you upvote their post.
    If you enjoyed what you read here, create your account today and start earning FREE STEEM!
    Sort Order:  
  • Trending
    • [-]
      ·  7 years ago 

    It's unlikely, but witnesses could collude to get a majority. That happened with Lisk, which has a different design than Steem: 101 active witnesses who receive 'forging rewards' and cooperate in pools. I don't think the majority pool did anything malicious, though.

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00
      [-]
        ·  7 years ago (edited)

      Yes that's what I was thinking it would only be possible with a dpos if people plotted in a big group.

      hey.... I just saw that this reply wasnt even sent, i have a bad internet here in NORWAY, boasting one of the best internets in the world. Theres no way saterlites are even real!

      I came back here to ask you if Tokens (I have more value in tokens than coins) are possible to do a 51% on? at a quick think they shouldn't be as the represent shares in a company?

      Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

      • Disagreement on rewards
      • Fraud or plagiarism
      • Hate speech or trolling
      • Miscategorized content or spam

      Submit
      $0.00
        [-]
          ·  7 years ago 

        OK, tokens are as safe as the blockchain they're registered on. In theory, there could be a problem if the tokens are worth more than the underlying coin.

        In practice, the greatest risk is errors in the contract code for Ethereum tokens. That's why I prefer standardized Waves tokens.

        Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

        • Disagreement on rewards
        • Fraud or plagiarism
        • Hate speech or trolling
        • Miscategorized content or spam

        Submit
        $0.00
          1 vote
          [-]
            ·  7 years ago (edited)

          I just went to investigate what standardized wave tokens are, and i ended up finding the waves exchange?! Didn't even know there was such a thing, and WCT? Waves community token? Anyway atleast I have now an official wallet which will save me pain in the future :)

          Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

          • Disagreement on rewards
          • Fraud or plagiarism
          • Hate speech or trolling
          • Miscategorized content or spam

          Submit
          $0.03
          • Past Payouts $0.03
          • - Author $0.02
          • - Curators $0.01
          1 vote