Post
Topic
Board Announcements (Altcoins)
Re: [ANN] LINUX PAY COIN | MASTERNODE | POS | INSTANT MATURITY | PRIVATE | MULTISEND
by
atreidae
on 25/07/2018, 11:27:44 UTC
**BEWARE**

I'd like to notice users, that they are claiming 1 confirmation as their best feature.

Beware, confirmations aren't there for fun. Confirmations set a minimum number of blocks that should be cheated by an attacker to do a successful double-spend attack. This means, an attacker using linuxpay may be able to do a double spending, in just the next block. This is a major security concern.

As comparison, a coin with 6 confirmations like bitcoin, will require a potential attacker to cheat at least 6 blocks before being able to do a double spend. This number was chosen under the assumption that it's hard to control more than 10% of the mining power.

Now figure out what happens with one confirmation. So BEWARE of what you buy.

EDIT

As you may see, some minutes after my posts, they are simulating fake users.