Ainee Ansaari

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Malicious miners can cause a little more impact. They can: •Attempt to create blocks that include or exclude specific transactions of their choosing. •Create a double spend by attempting to create a ‘longer chain’ of blocks that make previously accepted blocks become ‘orphans’ and not part of the main chain. They can realistically only do this if they command a significant proportion of the entire network’s hashing power. But they can’t: •Steal bitcoins from your account, because they can’t fake your digital signatures. •Create bitcoins out of thin air, because no other miners or bookkeepers ...more
The Basics of Bitcoins and Blockchains: An Introduction to Cryptocurrencies and the Technology that Powers Them
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