Thankyou for clarifying that 😊 i now have to see what will be removed from my portfolio! The 51% attacks have in my eyes made all pow cryptos not worth investing in as much. I have lisk but hope to get money for more. Eos and steem i got (obviously!) I will check out Ark.. bitshares i have no clue about but it dosnt sound like one id be interedred in!
You are viewing a single comment's thread from:
BitShares deserves more fame than it gets. I'm partly guilty, should have tried it out ages ago, but so far haven't. They have a decentralized marketplace built into the protocol, as well as tokens tracking fiat currencies. (SteemIt is built on the same framework, and it has one such token - the SBD)
I was just checking it out on coinmarketcap, but was sadend to see that its not on ny exchange that I have an account for.... But i can get it on blocktrades! something which I still havent explored yet but i should!
Bitshares seems quite cool, and very cheap concidering the max supply.
On blocktrades , we use steem connect to log in? and have wallets on blocktrades?
I believe that should work.
No. I believe you provide them with a payout address, and then they return "money in a different flavor" as soon as you send money to the deposit address.
I think binance has it
For the record: although it hasn't happened yet, PoS coins can also be 51% attacked by buying the majority of the coins. And then the attacker can keep double-spending.
Yes thanks thats why i asked about Dpos,because 51% attacks are not possible,am i correct in this?
It's unlikely, but witnesses could collude to get a majority. That happened with Lisk, which has a different design than Steem: 101 active witnesses who receive 'forging rewards' and cooperate in pools. I don't think the majority pool did anything malicious, though.
Yes that's what I was thinking it would only be possible with a dpos if people plotted in a big group.
hey.... I just saw that this reply wasnt even sent, i have a bad internet here in NORWAY, boasting one of the best internets in the world. Theres no way saterlites are even real!
I came back here to ask you if Tokens (I have more value in tokens than coins) are possible to do a 51% on? at a quick think they shouldn't be as the represent shares in a company?
OK, tokens are as safe as the blockchain they're registered on. In theory, there could be a problem if the tokens are worth more than the underlying coin.
In practice, the greatest risk is errors in the contract code for Ethereum tokens. That's why I prefer standardized Waves tokens.
I just went to investigate what standardized wave tokens are, and i ended up finding the waves exchange?! Didn't even know there was such a thing, and WCT? Waves community token? Anyway atleast I have now an official wallet which will save me pain in the future :)