Post
Topic
Board Pools
Re: [25+PH] KanoPool kano.is NO FEE TIL 2018 PPLNS US,DE,SG,JP,NL,NYA 🐈
by
beltsniffer
on 11/12/2017, 01:17:32 UTC
Quote
6. Though that is what I have read on the internet. It might just be one.

No.  As I said before it's 101 for newly mined coins.  It's 6 confirmations when transferring already matured coins.

As he said. New blocks must reach 101 confirmations before being paid. Not just at Kano, but everywhere.

Well, that makes sense. I wasn't sure you saw the part about not kano blocks. Everything I read said 6 confirmations. But they also talked about a vulnerability at 0 confirmations and a 51% vulnerability for under 6 confirmations and I wasn't sure those were valid vulnerabilities anymore.
For transfers, it's pretty much up to the maker of the wallet you are using. I know Electrum uses 6 confirmations. Some online wallets like Blockchain and CEX.IO only need 3 before they consider it spendable again.

The network has grown so huge that it would take an enormous investment to mount a 51% attack. But it is still possible. Though it would destroy all confidence and BTC and likely wipe out the value of it. In so doing you would just corner the market on something that no longer had value.