5 ms·
This is actually less secure because the resources needed to perform a 51% attack on a coin are reduced drastically (as you only need 51% of the hashing power f
by gomox 8y ago
This is actually less secure because the resources needed to perform a 51% attack on a coin are reduced drastically (as you only need 51% of the hashing power for one specific algorithm).
- Zpalmtree 8y agoThis post on the verge hack demonstrates that quite well, suggesting the attacker only needed as much as 10% of the hashrate, or even as low as 0.4% - https://blog.theabacus.io/the-verge-hack-explained-7942f63a3017 https://blog.theabacus.io/the-verge-hack-explained-7942f63a3...