Nostr Web Client

A quick look into it, and it appears that to attack Pirate you need to attack KMD and LTC at the same time.

"As an added security against 51% double-spend attacks, Pirate Chain utilizes Delayed Proof of Work, which indexes Pirate Chain's Proof of Work blockchain onto Komodo’s and Litecoin’s blockchain. In doing so, any attempts to attack Pirate Chain's blockchain will first need to overcome both these blockchains. The average transaction time for Pirate Chain is 1 minute. The current anonymity set is 3,898,975."

node 2y ago

I wonder what’s the cost of a 51% attack on both of those

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Discussion

sperry 2y ago

Interesting, nonetheless.

node 2y ago

I don’t know much about coins other than bitcoin. Seems counter intuitive to me that a decentralized blockchain depends on another decentralized one

sperry 2y ago

Better than relying on a centralized POS like Ethereum perhaps.

node 2y ago

I guess. Makes it risky as a store of value if I have different attack vectors on other chains. I wouldn’t be able to sleep soundly with money in something like that