This is why 6 confirmations is generally agreed upon as the final settlement. It is also much costlier to do this than to simply chargeback a credit card. This is why proof of WORK is critical for the security of decentralized networks. A realized cost is placed upon updating the ledger.
This is why 6 confirmations is generally agreed upon as the final settlement. It is also much costlier to do this than to simply chargeback a credit card. This is why proof of WORK is critical for the security of decentralized networks. A realized cost is placed upon updating the ledger.
so can we say that double spent attack is actually based on the 51% attack?
very well explained thank you!!
amazing video thanks
i have been attacked by this attack before..