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Chaoskampf (OP)
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May 27, 2013, 04:54:57 AM
 #1
Maybe it's just me, but this is beyond cool. Hopefully I'll live to see this in action on the Bitcoin network (if and when it ever reaches production stage).

http://arxiv.org/abs/1305.3886
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Chaoskampf (OP)
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May 27, 2013, 08:37:23 PM
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Is this not the board to post this in? Thought there would be more interest...
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May 27, 2013, 09:22:47 PM
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That looks like something which would need hardware implementation...
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May 28, 2013, 01:33:14 AM
 #4

As I mentioned, it's not in production stages yet, but I have a feeling there will be interest in it from the non-Bitcoin community, which might see it through to becoming an industry standard one day (maybe too hopeful on my part). This sort of crypto protocol would be SO incredibly useful for services like Tor and Bitcoin. Maybe we have some hardware people on the forums which might be able to craft some prototypes? (again, maybe unrealistic on my part)
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