Blockchain

Story: Is the Nano Blockchain Vulnerable to Sybil Attack? Community Musings

By Steven Anderson

1 / 11

Twitter Handle, Phil Goodman, expressed, Nano is the most efficient digital money that exists in the world today.

2 / 11

One of the community members stated, I agree with the lots of qualities Nano has, but unfortunately doesn’t have the network effect like other coins.

3 / 11

In response, Phil Goodman stated, Ultimately Technology will beat memes and hype. Just be patient and win. It may not be always easy, but it will be incredibly rewarding.

4 / 11

Someone stated in an attempt to state the Nano code was copied:  “What is an open-source blockchain?

5 / 11

In response, Phil Goodman stated, you can go to Github right now and audit the code yourself, or even fork it. Further stated, Nano is unique.

6 / 11

Someone who seems to have understood the ecosystem stated:  We are actually talking about a very vital and important project, perhaps more than Bitcoin.

7 / 11

When asked if Nano has smart contracts, the reply was:  No smart contracts. In terms of financial transaction assets, Smart contracts actually are a hindrance.

8 / 11

Someone said, I have researched about Nano, tell about its payment app execution to the real word, And what will the project team get to continue developing it if its…

9 / 11

When asked about A Sybil attack on Nano stating, DAG is good concept, but this little thing must be fixed?

10 / 11

A counter-argument:  Nano doesn't run blockchain like BTC, NANO protocol easily can be disrupted by any external hacker, flooding the network, if NANO developers doesn't…

11 / 11

I like Nano, just expressing concern about this little flaw, don't confuse Sybil attack with 51% attack.

The Currency Analytics

Want the full story?