Canada Central Bank: Bitcoin Safe From 51% Attack, Double Spending

in #bitcoin • 6 years ago

Canada’s Central Bank (BOC) released a working paper this month, Incentive Compatibility on the Blockchain. In it, BOC seems to argue the world’s most popular cryptocurrency, Bitcoin, is safe from a 51% attack, double spend scenario through the right incentive structure and proof of work (POW).

Also read: http://cryptowizard.biz/canada-central-bank-bitcoin-safe-from-51-attack-double-spending/

#blockchain #cryptocurrency #crypto
6 years ago in #bitcoin by
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