Dayan: Dominant blockchains are economically incentivized to 51% attack smaller forks
Phil Dayan · a16z Podcast | Voting, Security, and Governance in Blockchains and Cryptonetworks · Feb 26, 2019 · at 18:15
Phil Dayan discusses base-layer security vulnerabilities when smaller blockchain forks threaten the market capitalization of larger dominant networks.
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“If you have a fork that's like 10% of the size of a project, and this fork could potentially impact the price of the larger project, it's absolutely in the interest of that larger project to launch attacks on that base layer proof of work vote and do things like censorship, use some small percentage of their hash power to do 51% attacks, or denial of service, or whatever they need to do to make sure that that network goes down in price.”
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