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What stops miners from sending their tokens somewhere, then hard forking from a previous block where they didn’t send them? This has a clear answer in PoW, bu
by seoaeu 5y ago
What stops miners from sending their tokens somewhere, then hard forking from a previous block where they didn’t send them?
This has a clear answer in PoW, but not in your scheme
- lottin 5y agoEasy, you put the transaction in the previous block. So the miner can only mine a block if they have already made the expenditure.
- seoaeu 5y agoWhat stops me from doing a hard fork to roll back both blocks?
- lottin 5y agoIf you spend more tokens than the tokens that were spent mining the last two blocks you can erase the transactions in those blocks, but isn't that also the case with PoW?
- deleted 5y ago[deleted]
- ogogmad 5y agoWhat if I create a whole new chain? Will the transactions at the very beginning of that chain have to be added to the big, old chain? How far back do the common ancestors of two chains have to be for your auto-merging to happen? What happens if two histories conflict? Then in Version Control parlance, we have a "merge conflict".