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At the end of the day crypto-currency is protected by the fact that it costs more to undo a transaction than the value of the transaction. Making an individual
by IIAOPSW 9y ago
At the end of the day crypto-currency is protected by the fact that it costs more to undo a transaction than the value of the transaction. Making an individual block easier just means that we have to wait for more blocks to be mined before we consider transactions to be safe. With you're idea there will be more blocks mined per hour, but the amount of electricity consumed per confirmed tx will remain constant.
- __s 9y agoHowever that'll kind of bring out the 'bigger blocks' solution except by having 100 blocks rather than 1 100-times larger block. Downsides will line up with big block downsides