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The original was posted on /r/nanocurrency by /u/Fun-Imagination-2488 on 2024-12-04 12:45:37+00:00.
I am wondering if anyone has done this math yet. I am also wondering where to obtain data on this sort of vulnerability.
From reading a few different posts, it looks like Nano has a bucket system for wallet balance in combination with priority based on recency of a previous transaction. Ie: The more recent your last transaction was, the lower your priority will be. Also, the balance of your wallet during the time of the ‘send’ transaction will place that transaction in a bucket of priority. If a particular bucket gets spammed heavily from multiple wallets, then transactions in other buckets will get priority.
Is my understanding correct?
If ‘clog’ means: Over 2% of transactions take greater than 15 mins to confirm.
And cost means: Balance of XNO required to initiate the attack + additional $/day to maintain the attack.
How much would it cost to clog 10% of buckets?
- 25% of buckets?
- 50% of Buckets?
- 75% of Buckets?
- 90% of Buckets?
- Has anyone done the math on this? Or is my understanding completely wrong.
I think the case for nano as useful largely depends on its vulnerability to attacks. All networks are vulnerable to attacks, but it’s the cost to do so in a meaningful way that matters. If it costs $1/day to clog 90% of buckets vs $1million/day, that obviously matters a ton.