Post
Topic
Board Announcements (Altcoins)
Re: [PRE-ANN] INCHAIN. Ethereum based insurance platform
by
oleksii
on 07/09/2016, 21:25:14 UTC
Given what's occurred with the Kryptonite project (ETH-based, smart contracts, etc that was hijacked after not paying ransom), I would like to know how your team plans to secure INCHAIN from the generation of false tokens on a high hash-rate fork that could eventually overwhelm the startup blockchain?

Kryptonite (I found only one such blockchain project, fix me if you are talking about something else) was a blockchain project without any relation to ETH or smart contracts. INCHAIN tokens will not have separate blockchain, and will not have mining concept. As long as Ethereum itself is alright, all stated points won't be able to affect INCHAIN in any way.

Oleksii,
INCHAIN smart contracts engineer

Try Krypton, krcoin.
I think that is what is meant here. And now from what I understand there is a security issue for any newer ETH based project without very high hash securing it.

T.
51% attacks are an issue for all PoW coins with low hash rate. Its a PoW issue not a blockchain issue.
51% attacks are also possible on PoS coins but not as likely.

There won't be any PoW or PoS concepts in this project. Neither there will be any hash rate concept except of the Ethereum PoW itself.