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Author Topic: Decentralized services?  (Read 390 times)
very_452001 (OP)
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May 22, 2020, 04:15:23 PM
 #21

Are decentralised services powered by network hash power Huh

For example btc is decentralised however if a miner or a single group of miners have over 51% of the hashing power of the btc network then that means they can launch a 51% attack on the btc network right?

Can same be said for decentralised services? Which decentralised services are immune to 51% network attacks?
Whoever mines the block which ends up containing your transaction will get its fee.
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May 22, 2020, 04:48:01 PM
 #22

Are decentralised services powered by network hash power Huh

A decentralized service is a service which is being provided in a decentralized network (e.g. peer-to-peer network).
This has nothing to do with "hash power" or Proof of Work in general.



For example btc is decentralised however if a miner or a single group of miners have over 51% of the hashing power of the btc network then that means they can launch a 51% attack on the btc network right?

Theoretically, yes.



Can same be said for decentralised services? Which decentralised services are immune to 51% network attacks?

All of those services which do not rely on mining etc.
A 51% is an attack against cryptocurrency.

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