8 ms·
I actually meant economic majority because that's what gives the token its value. A >50% hashrate majority in a PoW blockchain can censor transactions, but it's
by onestone 10y ago
I actually meant economic majority because that's what gives the token its value. A >50% hashrate majority in a PoW blockchain can censor transactions, but it's powerless if most users (or most precisely, the users who own most of the tokens) collectively decide to hardfork.