Bitcoin Audible Read_511 - Debunking the Empty Block Attack [Jimmy Song]
"The empty block attack is one where a majority of mining power would be directed at mining only empty blocks and rejecting non-empty blocks. These miners would essentially execute a soft-fork where all non-empty blocks would be rejected. Given that they have a majority of hashing power on the network, so the thinking goes, they will eventually get the longer chain even if other miners were to mine non-empty blocks. If only empty blocks are being mined, all activity on the network would stop and so, the thinking goes, Bitcoin would be killed." - Jimmy Song
With another bull market, comes another avalanche of the same old FUD. Today we hit an excellent little article from Jimmy Song taking the time to thoroughly debunk the again popular, "Empty Block Attack" scenario from a potential nation-state adversary. Don't miss today's article if you have been exhausted with answering the twitter flood of new people certain they have the inside secret to killing Bitcoin.
Debunking the Empty Block Attack:
https://jimmysong.medium.com/debunking-the-empty-block-attack-10513858b3f8
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Today's Resource is Jimmy Song's "Programming Bitcoin," for those who really want to get into the dirty details of Bitcoin and how it works, and want to walk through the code and understand it on an entirely new level, this is the resource you are missing. Check it out at the link below:
https://amzn.to/2RSlnTb
For more amazing articles on this topic & all the other incredible works in the Bitcoin space, check out the 100s of great works in the Bitcoin Audible Library:
https://bitcoinaudible.com/?page_id=5764