You are viewing a single comment's thread from:

RE: The Hashwars: Vertcoin

in #cryptocurrency6 years ago

The forking defence would work if there were more established decentralized exchanges based on atomic cross swaps. The reality nowadays is that centralized exchanges have a big say about forks. It would also be a challenge to exchange from scammycoin to vertcoin2 because of replay attacks.

Sort:  

Yes, there need to be free and open exchanges so both coins can be traded. This infrastructure is still missing, but I am optimistic for the future. Right now exchanges have a lot of power and will likely not care about small coins such as vertcoin.

Replay attacks can be solved from from one side by adding a command that checks if there is a valid checkpoint. Then coins can be split and in principle there is no more problem trading them against each other.

You're right. There is not a free market if exchanges choose which coins to list. This is also a big caveat in bitcoin's ETFs and derivatives.

Coin Marketplace

STEEM 0.25
TRX 0.20
JST 0.038
BTC 94908.01
ETH 3553.53
USDT 1.00
SBD 3.80