[Cryptography] Plata: A Quantum-Enhanced DAG-based Electronic Cash System
Kenny Joseph
kajoseph2 at msn.com
Fri Nov 15 07:21:00 EST 2024
I have a gitlab account, but the repo link leads to a 404 Page Not Found.
This project seems interesting and I'm curious to know more, but one thing that stuck out to me from the white paper (besides the AI art) is that the consensus mechanism is only resistant for up to 33% malicious participants. This seems dangerously low when you consider nation states. Bitcoin's 50% resistance at least means that if China, Russia, and the US are all mining then it's unlikely either will gain a majority of mining power. But with Plata, either one could independently decide to act maliciously.
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