Author: Dave Hudson 2015-05-12 16:21:40
Published on: 2015-05-12T16:21:40+00:00
The proof-of-idle concept faces a potential security issue where miners can use the idle time of others to construct a long chain and make it appear as if it was the work of many distinct miners. This could allow them to re-mine block rewards and potentially censor transactions, creating a significant vulnerability. In response to an email from Gavin Andresen, who proposed four possible future scenarios for mining incentives, Thomas Voegtlin pointed out that long-term mining incentives need to be addressed in addition to scalability. The email chain also includes a link to a Bitcoin Foundation blog post outlining a scalability roadmap.
Updated on: 2023-06-09T20:40:29.217718+00:00