3 ms·
Exactly, it's not worth the time. And once the attack is underway, it'll be detected and everyone can simply increase the number of confirmations needed before
by johndunne 8y ago
Exactly, it's not worth the time. And once the attack is underway, it'll be detected and everyone can simply increase the number of confirmations needed before finalising.
- Cilvic 8y agoHow is the 51% attack detected?
- CydeWeys 8y agoIt's really obvious once the new chain is broadcasted. "Honest" miners switch over to mine on the deepest chain as soon as they become aware of it. It's very rare to even see a 2-block conflict. When you see a large N-block conflict then it's obvious there's a 51% attack going on.
- Semaphor 8y agoBut isn't the point of the whole thing that you do not broadcast it until after you are done? So yes, it's obvious in hindsight, but the damage will be done.
- CydeWeys 8y agoThe question was how do you detect it. You obviously can't detect it until it's broadcasted because until then it's all happening in secret.
- simias 8y agoIncreasing the number of confirmations is easy but it also slows down everything. People don't want to have to wait for days for their transactions to be accepted. If I understand correctly this attack managed to reorganize hundreds of blocks. That's a lot of time to wait for confirmations.