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This is completely untrue and has been since 2014. The solution is that validators are "slashed" and lose their tokens if they have been found to sign two block
by woah 6y ago
This is completely untrue and has been since 2014. The solution is that validators are "slashed" and lose their tokens if they have been found to sign two blocks at the same height.
- ishishkin 6y agoWhat has happened in 2014? Is that a time when brain-washing campaign in crypto-media has been started? "Slashing" is not a solution to this problem.
- woah 6y agoVitalik Buterin came up with a solution for the nothing-at-stake problem: https://blog.ethereum.org/2014/01/15/slasher-a-punitive-proof-of-stake-algorithm/ https://blog.ethereum.org/2014/01/15/slasher-a-punitive-proo... Also, I'm not sure why you and the other commenter are so argumentative about this. There are several PoS networks out there such as Cosmos, Tezos, etc, holding more than a billion dollars. If there was an issue, someone would have hacked them by now.
- ishishkin 6y ago> Vitalik Buterin came up with a solution for the nothing-at-stake problem Is that a link to an article from a peer reviewed academic journal? > There are several PoS networks out there such as Cosmos, Tezos, etc, holding more than a billion dollars. If there was an issue, someone would have hacked them by now. I'll give you a hint: "slashing" is not a thing that sustains security of these networks.
- literallycancer 6y agoWhere did he claim it was a peer reviewed journal?
- ishishkin 6y agoDon't you think this claim should be supported by some reputable secondary source?