Implications of the Ethereum Merge for Web3, with Justin Drake of The Ethereum Foundation
The Fintech Blueprint
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How Much Is the Cost of All This Economical Security?
The total amount of economic security is by calculating how many dollars would it take to buy up all the hardware required to do 51 % attack? That includes the mining rigs. And so not only are we increasing the total amount of security from five billion dollars to 22 billion dollars, but wee also dramatically reducing the issuance which are the incentives for these consente potmens to provide a scarce resource.
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