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From the white paper: “As a transaction receives additional approvals, it is accepted by the system with a higher level of confidence. In other words, it will
by chris_wot 9y ago
From the white paper:
“As a transaction receives additional approvals, it is accepted by the system with a higher level of confidence. In other words, it will be difficult to make the system accept a double-spending transaction. It is important to observe that we do not impose any rules for choosing which transactions a node will approve. Instead, we argue that if a large number of nodes follow some “reference” rule, then for any fixed node it is better to stick to a rule of the same kind4. This seems to be a reasonable assumption, especially in the context of IoT, where nodes are specialized chips with pre-installed firmware.”
Is this for real?