I’m new to cryptocurrencies, so I recently read the paper from the Satoshi Nakamoto ( link is here ) to know a little bit more about the Bitcoin.And I saw this statement:
What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party. Transactions that are computationally impractical to reverse would protect sellers from fraud, and routine escrow mechanisms could easily be implemented to protect buyers. In this paper, we propose a solution to the double-spending problem using a peer-to-peer distributed timestamp server to generate computational proof of the chronological order of transactions. The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes.
So my questions would be:
- Could a large botnet disrupt/hack the whole cryptocurrency system if the botnet currently holds more CPU power than the friendly nodes?
- If yes,would it be feasible at all and or worth the work?
I may understood this whole idea wrongly, so any tips, advice is appreciated!
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