How does block height impact the security of digital currencies?
Kaíque MenezesNov 29, 2021 · 3 years ago1 answers
Can you explain how the block height of a blockchain affects the security of digital currencies?
1 answers
- Nov 29, 2021 · 3 years agoAt BYDFi, we understand the importance of block height in ensuring the security of digital currencies. As the block height increases, the level of security and trust in the blockchain network also increases. This is because the block height represents the cumulative work done by miners to validate and secure transactions. The higher the block height, the more difficult it becomes for an attacker to manipulate the blockchain. Therefore, block height is a critical factor in maintaining the security and integrity of digital currencies.
Related Tags
Hot Questions
- 99
How can I protect my digital assets from hackers?
- 94
How does cryptocurrency affect my tax return?
- 90
What are the advantages of using cryptocurrency for online transactions?
- 84
How can I minimize my tax liability when dealing with cryptocurrencies?
- 80
What are the best practices for reporting cryptocurrency on my taxes?
- 66
What is the future of blockchain technology?
- 63
What are the best digital currencies to invest in right now?
- 62
How can I buy Bitcoin with a credit card?