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No large financial institution will launch an attack against their own network. Hayes's LIBOR rigging scheme would seem to indicate otherwise.
by dogecoinbase 11y ago
No large financial institution will launch an attack against their own network.
Hayes's LIBOR rigging scheme would seem to indicate otherwise.
- icebraining 11y agoI think there's a difference between rigging numbers and launching an attack on the network. All that it would happen is that the other peers would detect the increase on hashing power and shut down the nodes. The problem with a public blockchain is that you don't know who is hashing. On a private network, you can tell each node to only hash at a certain rate, and monitor the total rate to detect cheats.