Le 14/11/2017 à 12:31, Karsten Hilbert a écrit :

>> A Blockchain is a public (or at least shared) digital notary.
> ...
>> transactions are more expensive without a third party, because you need
>> to make the process of adding a new block "expensive enough" in order to
>> make sure that the one doing it can not deploy enough computing power to
>> hack the existing blocks during the process.
> And, one needs to remind oneself, "expensive enough" can only ever mean 
> "today".

Hi Karsten,

This is the reason why, at least in the Bitcoin universe, adding a block
is organized as a competition between miners.
Hence a bad guy who intends to use the addition of a new block as an
opportunity to modify some already existing blocks would need to process
this much more complex task quicker than the other miners who simply
concentrate on adding a block.

It can currently been argued that this competition led to concentrating
miners in China... but what could possibly go wrong? ;-)

Philippe


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