Hacker News new | ask | show | jobs
by tacojuan 4031 days ago
Anyone care to tl;dr this or give a comparison with bitcoin?

Most of this stuff is way over my head.

I'm about to go to bed, but I'll definitely give it a read in the morning.

1 comments

No multi GB blockchain and capable of supporting more than a pitiful 650 transactions a minute. Basically works by randomly electing verifiers and assuming that the majority elected are going to be honest enough.
So how is that supposed to work?

If some percent of the nodes are malicious, that means sometimes an election will include a majority of them and they will create a false transaction.

This means only some transactions are trustworthy, not all.

Risky business, literally.