What is and how to avoid replay attacks?

in #bitcoin7 years ago

Basically after an hard fork, the distributed ledger gets copied and if there is no replay protection on the second ledger, the copy, every transaction made in either of the chain can be replayed in the other

The first ledger also has no replay protection and to implement it another hard fork would be necessary, which could be possible but not in 3 months time.

 So, how to avoid it?   

  1. After the fork your wallet will have both BTC and BTG.
     
  2. Send your BTC to another wallet you control, so you'll have wallet 1 with BTG and wallet 2 with BTC.
     
  3. Send your BTG to whoever you'd like as the transactions is not replayable anymore (as long as the address remains fundless) 

 I tried to keep it short, if you'd like more info this 3 min video explains it well:

 

If you found this helpfull please Upvote and Resteem :) 

Sort:  

Hello @lostrapt ! Please see my reply to your contest entry in @sportschallenge contest.
you are almost qualified - link here

Congratulations @lostrapt! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes received

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Thanks for information bro

Congratulations @lostrapt! You have received a personal award!

1 Year on Steemit
Click on the badge to view your Board of Honor.

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!