Post
Topic
Board Altcoin Discussion
Re: Proof of stake instead of proof of work
by
micryon
on 23/05/2014, 08:02:02 UTC
Because the network follows a longest chain is valid rule?  If it doesn't then you are relying on a node knowing that an alternate chain came "later" and not all nodes will no that.  As I already pointed out up thread imagine you are a new node, you connect to the network and receive two competing chains A & B.  A is longer.  Which chain do you use?  If you use A and other nodes use B that is a problem (isolation attack and network fork due to non deterministic chain selection).  If they are choosing B over A because they "saw it first" there is no way for you to confirm that or even know that.  
Still it doesn't need to be 10,000 blocks.  A 51% attack can be accomplished with a reorg of any length.

What's the downside of just hard coding a max limit of history blocks that can be reorged in AcceptBlocks?  And must make that max limit < confirmation needed?

Wouldn't this protect nodes with the an existing "real" chain, without fearing for it to be overwritten (at least past the limit)?


nvm.. i guess that would cause the "hard fork attack problem".. where offline/new nodes could still pick up an entirely different fork all the time.  no consensus..

great thread though.. i learned a lot:)  Someone needs to make a diagram'd youtube video though.. hehe