Dan Hughes • 339 implied HN points • 08 Jun 24
- The honest majority assumption is key for blockchain security. It means that most participants must act honestly to keep the network safe from attacks.
- Full nodes rely on validator nodes to check the validity of transactions. If most validators are dishonest, full nodes cannot prevent issues like double spending.
- Economic security is important for discouraging attacks on a network. High stakes for validators make it less likely for them to act maliciously, as the potential losses from being caught far outweigh any gains.