Author: Erik Aronesty 2021-06-18 13:37:54
Published on: 2021-06-18T13:37:54+00:00
The author of the post on the bitcoin-dev mailing list discusses potential vulnerabilities in the Bitcoin protocol when it comes to sybil attacks and proxy attacks. They note that if the recipient is not connected to a valid network, double spends could be allowed. However, they also acknowledge that this vulnerability is not financially lucrative for transactions around a dollar or so. The author then presents a scenario involving a large department store where an attacker could control all outbound peer connections and allow for double spends during their visit. To defend against this, the author suggests that large retailers use distributed/trusted nodes and certificates. The post concludes with the author sharing a proposal to improve Bitcoin TPS and privacy, which can be found on their Medium account and Bitcointalk forum post.
Updated on: 2023-06-14T22:54:25.868079+00:00