Viewing a response to: @grimfangs/re-kruger3117-brief-explanation-of-iota-and-tangle-protocol-the-next-bitcoin-20180701t143339585z
Yes!!! thats exactly the only things Im concerned with Tangle so far! If i recall from the whitepaper, You can attack Tangle with 34% spam attack. But Iota has "Coordinates" an on-boarding mechanism to prevent 34% attack until network becomes matures and organics, and even if the attacker achieve 34% attack, the chances of successful manipulate the network is only 29% (still a pretty large number). I used to think blockchain is great until everyone giving their power to mining pool where things could get worse ( eg: all pools combining their computing power to attack the network. )
author | kruger3117 |
---|---|
permlink | re-grimfangs-re-kruger3117-brief-explanation-of-iota-and-tangle-protocol-the-next-bitcoin-20180701t144817455z |
category | crypto |
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created | 2018-07-01 14:48:18 |
last_update | 2018-07-02 12:57:24 |
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root_title | "Brief Explanation of IOTA - The next Bitcoin?" |
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