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> cryptocurrency transactions cannot be blocked either But could you flood the blockchain with bogus transactions, making it hard for everyone to use it?
by Florin_Andrei 9y ago
> cryptocurrency transactions cannot be blocked either
But could you flood the blockchain with bogus transactions, making it hard for everyone to use it?
- shanusmagnus 9y agoNot bogus (those are pretty trivially rejected by distributed nodes), but you could certainly flood it with valid microtransactions, and thus jack up the fees people have to pay to get their tx validated in reasonable time. This activity, way more than actual block size limits, underlies the ridiculous fee escalation on BTC that someone else mentioned.