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Saturday, 8 August 2020

Avalanche might be useless

On pseudo-profound bullshit in the Avalanche whitepaper https://ipfs.globalupload.io/QmcPs3ckeqtPowjVnA8TetmaNfZjw1vCLuDNRK8e5vnc6a

If a node samples only a small part of the network in the presence of f malicious nodes at each round there will be a positive fraction that queries at least as many malicious than correct nodes. Moreover, these kinds of protocols can usually admit no more than O(√n) adversarial nodes; otherwise, the adversary would be able to create an agreement or termination failure. Last but not least, these kinds of protocols in a permission-less network are highly vulnerable against Sybil attacks.

The token distribution is unreasonable: Public ICO is a whole ~4% of the pre-mine. The private partners had two rounds where they were allowed to buy up tokens at discounted prices and the initial circulating supply will be only around 50%.

submitted by /u/arldyalrdy
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from Bitcoin - The Internet of Money https://ift.tt/3iqmiI1

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