The founder and CEO of the Dash Foundation, Ryan Taylor, recently gave an interview to Bloxlive.tv. He discussed the new Chainlocks protocol, which could make it immune to 51 percent attacks.
One of the biggest risks for a Proof-of-Work blockchain is a 51 percent attack. If any individual actor has control of over half the mining power on a particular network, they would be able to effectively re-organize the blockchain as they see fit. This would allow them to double-spend tokens and appropriate significant amounts of crypto before the attack was spotted.
Ethereum Classic (ETC) 51% attacker may soon be located
Coinbase report suggests…