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    Author Topic: Theoretical Attack on Bitcoin  (Read 1361 times)
    byt411 (OP)
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    July 09, 2014, 03:43:34 PM
     #1

    So I just came up with an idea, but a very rough idea, as to how an attacker can carry out a 51%-attack-like attack.

     
    Basically, as far as I understand, the Bitcoin Network knows its time based on what the nodes relay, and it takes an average out of it.
    Well, an attacker could create their own fork of the blockchain when it is 1 block away from difficulty change, with a small number of nodes that only he controls, and change the time of the nodes. This would make the network "think" that a lot of time has passed since the next block was found, and all they have to do is find that single block. Once it is found, difficulty would dramatically decrease on their fork of the chain, since a lot of time had passed before blocks were found. Then all he needs to do is continue mining until his chain is 1 block away from difficulty change, and repeat the process. He can make his chain longer than the main one easily, and then broadcast it. This would effectively make the "official" blockchain fork.

    I have no idea if this will work, since I'm not that into the tech of bitcoin, and I hope this isn't possible, and for someone to explain why.
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