Would like to hear from the smart guys in here how Nexa is defending itself against 51% attacks currently. Also, wondering how much the cost to a bad actor would be to attack and dominate the majority of miners for the exploit. Thanks!
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GPU-Based Mining ProgPow
Nexa uses a variant of ProgPow, that keeps the network spread across many small and mid-size miners, not just industrial farms.
Fast Block Times:
Nexa’s high throughput (multiple blocks per second) makes it harder to reorganize the chain in large chunks, you’d have to race against a lot of blocks just to catch up.
Growing Hashrate:
Which is going to increase.
Economic Disincentive:
You’d have to invest a lot of resources to carry out an attack, with little gain.