Leicester
๐ค SpeakerVoice Profile Active
This person's voice can be automatically recognized across podcast episodes using AI voice matching.
Appearances Over Time
Podcast Appearances
It's usually pretty quick because it's outbound, but they have an acknowledgement and that shows up in your wallet and then you're done.
And then yours, if you were to look at that transaction hash, you'll see on the actual scan, you'll see that there's a number of confirmations that keeps happening.
So it just keeps happening over time.
And this all goes to the integrity of the process.
in certain of these to make all this happen, to actually create the so-called network, to enable everything I just described, you have nodes.
The nodes are the heart and soul of what make the thing run in simple form.
And there's always multiple of them.
Part of the problem I would argue with nodes is, and this lends to the Sybil attack,
Part of the problem and the flaw with nodes is the assumption that everybody has the best of intentions.
As with any network, if your underlying servers, your routers, your computers, if you have a malicious actor powering this thing, it affects the network and drops its security and creates vulnerabilities.
Now with something like blockchain,
It's not like it could infect your computer or any of that because it's not running locally on your device, generally speaking.
But what it could do is it could compromise the value of your assets.
If you connect your, your wallet to a D app that's been compromised, or that is attached to a node that is compromised or is attached itself to the chain, but the chain has been compromised at a point, then your assets could be drained.
So depending on where that compromise is happening,
Your wallet could be affected.
You, the physical, you would not be, but your assets, your stored assets could be recently.
I talked about Monero and the 51% attack.
The 51% attack is a type of Sybil attack.
It simply means that an operator, a node operator is able to control at least 51% or more of the entirety of the network.