Switching Bitcoin to 100% ASIC Mining Could Increase Security 2,000X
The wholesale embrace of Application-Specific Integrated Circuits (ASIC) mining for (BTC) could increase the cost of a 51% attack by a factor of up to 2,000.
Rod Garratt University of California Santa Barbara presented the research he co-authored with Maarten van Oordt from the Bank of Canada at the Unitize conference on July 10.
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