calle 👁️⚡👁️ on Nostr: Foundry has 27% hashrate for which the 6 block confirmation rule of thumb would ...
Foundry has 27% hashrate for which the 6 block confirmation rule of thumb would become *~15 blocks* to be 99.9% sure that they can't reorg the chain to reverse a transaction.
The 6 block rule of thumb is based on 10% hash rate.
Source: Satoshis whitepaper, page 8
Published at
2023-02-16 00:45:35Event JSON
{
"id": "1ad8cd5d4a7e8816067c7c194a4dd0734bc455105b14b8a86221410712cd76f0",
"pubkey": "50d94fc2d8580c682b071a542f8b1e31a200b0508bab95a33bef0855df281d63",
"created_at": 1676508335,
"kind": 1,
"tags": [],
"content": "Foundry has 27% hashrate for which the 6 block confirmation rule of thumb would become *~15 blocks* to be 99.9% sure that they can't reorg the chain to reverse a transaction.\n\nThe 6 block rule of thumb is based on 10% hash rate.\n\nSource: Satoshis whitepaper, page 8",
"sig": "e7f489e0e13d81896127223855f3018c63e84ed5ca648d43fc4035513fa558f8946a06da9c3ef2474b83cffe04043aaaa8a507deb754803dfbee721ad33904d0"
}
