Just remember that "
that" example 600 required confirmations for VET is only limited/required to the exchange, merchant or any 3rd-party services.
In their (
Digital Currencies) Blockchains' protocol, one confirmation is as good as "
sent".
Thanks for sharing your thoughts on this. I didn't understand what is a 51% attack and how it will affect the exchanges?
As for 51% attack, you might need to read more about "
mining" to understand the written articles about it on the internet.
Basically, a malicious Pool/Miner who controls more than half (
51%+) of the total hashrate (
mining power) of the network could alter the newest block(s) in a variety of ways, the deeper the block, the harder it is to make an alteration (but even the latest block isn't an easy feat).
That's why merchants/exchanges want their transaction(s) buried in the blockchain as deep as possible.