Post
Topic
Board Development & Technical Discussion
Re: Cheap way to attack blockchain
by
amaclin
on 28/09/2015, 13:51:57 UTC
Funny how some who deeply understand the protocol are not "true believers".
I am also not a "true believer".  I find it interesting, e.g. thinking of ways to attack it Smiley
I told a lot of times that bitcoin network consumes ~$1mln daily only for electricity to process 100k transactions.
So the cost for processing and securing one transaction is several dollars!
This kind of processing system can not survive in long term.
Because it is inefficient and can not be scaled.