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Would it be possible for someone to deliver the 'death blow' to Bitcoin right now, by DDOS-ing the network or flooding it with even more transactions, includin
by delegate 10y ago
Would it be possible for someone to deliver the 'death blow' to Bitcoin right now, by DDOS-ing the network or flooding it with even more transactions, including invalid ones ?
- ianpurton 10y agoNot really. Invalid transaction wouldn't get propagated so you'd need valid ones and they cost money. So an attack has a cost per hour and this cost is pretty high.
- pjc50 10y agoOnly confirmed transactions cost money. So in theory you could send each miner a different double-spend, which they'd have to hang on to until either they confirmed it or received a contradictory confirmed transaction.
- csomar 10y agoYou can't really send a different double-spend to each miner. In my experience, the transaction will be propagated in 1-3 seconds. Each miner will pick the one it prefers (some prefer first seen, some prefer highest fee)
- shshhdhs 10y agoCouldn't an attacker with multiple accounts just pay themselves?
- Taek 10y agoNo, Bitcoin is configured to favor high fee transactions. Any sort of fee-based attack can be ignored by paying higher fees than the attacker.