Yesterday, Charlie Lee, founder of Litecoin, which is in the top 5 cryptocurrencies, made a post on reddit, in which he said that he became interested in the Nano project, but some things seem “too good to be true”.
Scalability at a high level, decentralization, no commissions, instant transactions… it All seems too good to be true. After all, you will need to sacrifice something, right?
Then Charlie asked a few questions about the functioning of the network Nano:
1) What happens if the network is split and both halves will vote for conflicting blocks?
2) I know that the validator is now not rewarded. It is a force that may lead to centralization. How you plan to solve this problem?
3) When the coins (transactions) are considered to be confirmed? Can be cancelled transaction is sent, if the network has conflicting transaction and validators will vote for her?
4) as computers become more powerful, PoW becomes easier. If the system to adjust the level of difficulty? If not, then there is a risk of DDoS attacks.
5) it Seems that the spam attack (using a large number of transactions) can be quite easy and cheap to implement. Individuals would be difficult to maintain a full node, this will lead to centralization. Are there any plans about this?
The post Charlie has received 710 review, including, it said, and the official representative of the Nano. Although the responses were not exhaustive, Charlie spoke positively about the idea of the project and what has been achieved at the moment.