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Re: Crex24.com - Cryptocurrency Exchange [Official Thread] (Fiat deposit/withdrawal)
by
crex24
on 11/05/2019, 06:25:19 UTC
But how do you calculate the confirmations required for pure PoS+MN blockchains?
For example you require 125 confirmations on Zenzo, with 1 minute blocktime that's 2 hours wait time!
With the supply in circulation and the current price, it'd cost someone 148000$ to attack the coin with a 51%, so don't you think that's at least secure enough to drop the confirmation time to about half of what it is now?

Semi-dead PoW coins are easily attacked if you point Nicehash or a small farm or a couple of ASICs on their network, those are really easy to attack (though pointless profit-wise).
You never know which new bug will be found tomorrow:
- https://medium.com/@dsl_uiuc/fake-stake-attacks-on-chain-based-proof-of-stake-cryptocurrencies-b8b05723f806
- https://web.getmonero.org/2018/09/25/a-post-mortum-of-the-burning-bug.html
- https://twitter.com/Marsmensch/status/1121737544704692224