3 ms·
That is the most clever part of bitcoin. To do this one would need to have 51% of the hash rate which would be VERY expensive.
by UltraSane 2y ago
That is the most clever part of bitcoin. To do this one would need to have 51% of the hash rate which would be VERY expensive.
- dbtc 2y agoAh, so not ownership of coins but computing power.
- null0pointer 2y agoYep, Bitcoin uses Proof of Work (computing power) for consensus, while some others like Ethereum use Proof of Stake (coin ownership).
- hcknwscommenter 2y agoI would disagree with "clever", but it certainly is currently expensive. The degree of expensive can fluctuate and could be influenced. It is not guaranteed to remain expensive, and a nation state like the US could control 51% of the hash rate if it wanted to, regardless of the expense, I think . . .