TheBlock
2020-09-09 23:04:56

How (successful) applications can be parasitic to blockchain security

Quick takeIn permissionless blockchains (e.g. Ethereum), the success of the application layer increases the number and value of profit opportunities from frontrunning and arbitrage.Miners and validators are best situated to take advantage of profit opportunities because they control block production (time).How the growing value of applications on a blockchain like Ethereum will influence its long-term security is unclear.

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