4 ms·
Resilience against a 51% attack has nothing to do with a "diversity of users". It simply has to do with the security budget (block rewards and block space fees)
by dcolkitt 4y ago
Resilience against a 51% attack has nothing to do with a "diversity of users". It simply has to do with the security budget (block rewards and block space fees) being high enough to incentivize honest consensus over reorg attacks.
- TurningCanadian 4y agothe "honest consensus" is the "diversity of users"; users doing the validation at least. Your rewards can be as high as you'd like, but if one party is in control of most of the validation, you're screwed. It's not the number of nodes or what you pay them or anything like that that matters. It's the actual people/entities behind them that matter.
- rosnd 4y agoThis isn't true. One party being in control of most of the validation can't do much beyond performing a DoS attack, but that's not going to make them any money. So what you actually need is a party who controls most of the validation and is willing to go against their own economic self interests in order to cause damage, that's a much bigger ask.