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Who would "mine" on that chain, or the equivalent? How could something like that defend against 51% attacks?
by Scarblac 7y ago
Who would "mine" on that chain, or the equivalent? How could something like that defend against 51% attacks?
- lawn 7y agoYou would embed the hash in another cryptocurrency, like in Bitcoin. Here's a simple walkthrough of how to do it in the Bitcoin Cash blockchain for instance: https://whycryptocurrencies.com/timestamping_service.html https://whycryptocurrencies.com/timestamping_service.html
- Scarblac 7y agoSo it's an extension of the currency usage, not a blockchain application on its own.