ago
0 like 0 dislike
0 like 0 dislike
Of course, another portrayal that is  misguided and uneducated about  blockchain created with little understanding of the technology.

There are also companies claiming that blockchain has some kind of fatal flaw, even though it was created with security at  their core.

This Pentagon report claims that the BTC blockchain is not secure due to weaknesses in the form of mining pools.

One of the main points of this study is that mining pools can be viewed as centralized organizations, and controlling a few mining pools could allow malicious individuals to gain complete control over the Bitcoin network.

Of course anyone who understand blockchain may dismiss this argument entirely but the report still sees these mining pools as weak monoliths.

But hijacking these mining pools is harder than the Pentagon would have you believe

Understanding the nuances of Bitcoin security is very important.  Saying you can compromise the BTC blockchain just because it has a  mining pool (entry point) is like saying you can steal from the National Treasury on the account of it existing (that's what the geniuses from Pentagon eill have you believe).

The same applies to blockchain. period.
ago

Please log in or register to answer this question.

0 like 0 dislike
0 like 0 dislike
Is 11 trillion dollars enough to control enough pools to control the network?
ago
by

No related questions found

Welcome to Bitteg, where you can ask questions and receive answers.