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Title: How To Attack DPOS (EOS/LSK/BTS) With <0.01% Of Stake Post by: FandangledGizmo on January 26, 2018, 04:52:08 PM As you will see from the LSK thread on this forum, the delegates elected by stakeholders to run LSK are predominantly those who give the majority of the LSK payment they receive back to the stakeholders who voted for them.
Attack: With plausible reasoning, create multiple delegates who offer shareholders 120% of the amount they would receive if elected as DPOS delegates. They should be quickly elected over delegates who offer </=100% & you will then have short term control over the network which would have been achieved with very, very little stake. I like EOS in particular, but I have always felt DPOS was fairly weak due to stakeholder voting tendencies and this apparent attack vector. Title: Re: How To Attack DPOS (EOS/LSK/BTS) With <0.01% Of Stake Post by: manoj6233 on January 26, 2018, 04:56:34 PM Delegated Proof of Stake¶. Delegated Proof of Stake (DPOS) is a new method of securing a crypto-currency's network. DPOS attempts to solve the problems of both Bitcoin's traditional Proof of Work system, and the Proof of Stake system of Peercoin and NXT. DPOS implements a layer of technological democracy to offset ...
Title: Re: How To Attack DPOS (EOS/LSK/BTS) With <0.01% Of Stake Post by: FandangledGizmo on January 26, 2018, 08:31:34 PM Delegated Proof of Stake¶. Delegated Proof of Stake (DPOS) is a new method of securing a crypto-currency's network. DPOS attempts to solve the problems of both Bitcoin's traditional Proof of Work system, and the Proof of Stake system of Peercoin and NXT. DPOS implements a layer of technological democracy to offset ... The idea behind DPOS is great. However it leaves the power to control the network with very few elected individuals, 20 in EOS? And because the shareholders that do vote have shown a tendency to vote for block producers who share the largest amount of their block reward with their voters. It makes it potentially very easy to attack IMO by just offering slightly more than the block reward paid back to the people who vote for you. (Who won’t know you’re an attacker.) |