3 ms·
That requires trusting that none of the miners will deflect (e.g. have a hidden stash of hardware waiting offline until it can perform 51% attack). If you need
by pornel 6y ago
That requires trusting that none of the miners will deflect (e.g. have a hidden stash of hardware waiting offline until it can perform 51% attack). If you need to trust that miners are not cheating, it kinda defeats the whole point of a trust-no-one cryptocurrency.
So sadly, in a proof-of-work scheme the secure steady state is only when miners are fiercely competing, and that means maxing out their hardware and electricity usage.