3 ms·
Well, in some sense that's a good thing. Bitcoin relies on a synchronous network - an honest majority of online miners must be honest. Algorand's safety assumpt
by Vervious 8y ago
Well, in some sense that's a good thing. Bitcoin relies on a synchronous network - an honest majority of online miners must be honest. Algorand's safety assumption is stronger - the honest stake need not be "always online", and the system cannot fork even under worst-case asynchrony.
As a result I certainly don't trust Bitcoin with anything more than pocket change. I would, on the other hand, put money on Algorand. A Bitcoin attacker could conceivably DOS a handful of honest miners/network relays (given that mining seems pretty centralized), sequester a third of the mining network, and mint money.
No matter how much DOS power you have, you cannot mint money on Algorand without a substantial proportion of the stake.