Post
Topic
Board Development & Technical Discussion
Re: Block intervals and decentralization
by
jl2012
on 09/06/2014, 04:33:02 UTC


Now since litecoin has 30 less value and 4 times more blocks to secure the received transaction that is equivalent to 1 bitcoin block you have to wait 120 litecoin blocks. So bitcoin is much more secure. (Note that proof of stake  has precicely 0 security because one or more past stakeholders can use their stake and reorganize the chain from the point before selling at 0 cost)



This is completely wrong. Assuming the same orphan rate and the same hashrate share among honest and evil miners, one Litecoin block is as secure as one Bitcoin block. The mean block interval is irrelevant.

There has been lots of discussion on this topic. Please search.