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Why would that make it more secure? Couldn't I simply make a lot of fraudelent transactions and append them, having a long chain, but a false one?
by ue_ 9y ago
Why would that make it more secure? Couldn't I simply make a lot of fraudelent transactions and append them, having a long chain, but a false one?
- gtfierro 9y agoYou could, but you'd be competing with everyone else that's also making transactions so you'd need an incredible amount of computational power to outstrip that.
- nickporter 9y agoAnd if you had that much hashing power, you'd be better off using it for mining. It's explained in more detail in the (surprisingly accessible) bitcoin whitepaper.