3 ms·
There is no guarantee in this scheme that the data was actually generated at the time they state. An insider can easily cycle through "random" numbers until th
by deckar01 12y ago
There is no guarantee in this scheme that the data was actually generated at the time they state.
An insider can easily cycle through "random" numbers until the hash of the block has a desired characteristic.
- Zikes 12y agoThat assumes the insider has a target in mind, though. How would NIST know that I am about to use the first bit of the number in a particular heads/tails scenario? How would they know I intend to use the upcoming 3:31pm number as opposed to the upcoming 4:59pm?
- tlrobinson 12y agoIf the "contract" is between private parties not affiliated with NIST then they don't, however some interesting use-cases require the parameters be publicly known ahead of time, e.x. lotteries, elections, etc.
- Zikes 12y agoThat's where multiple beacons would come into play. As long as at least one beacon provider is one you believe you can trust, that should be enough.