Blockchain congestion and transaction queues actually deter ‘nefarious actors’ — Study
According to the study, a blockchain’s “fullness” is directly related to its security. Researchers from Florida Atlantic University and the University of Mississippi recently published research indicating that blockchains with “full” blocks — especially when there’s a transaction queue — appear to have an added layer of protection against nefarious actors , money launderers, and would-be fraudsters. Dubbed, “Bitcoin Blocksize, Custodial Security, and Price,” the team’s paper takes a deep dive into the Mt.Gox crash and other instances where cryptocurrency has been stolen from crypto exchanges. The study’s premise lies in the notion that the perpetrators of illicit activity wish to complete laundering transaction s as soon as possible. Per the paper: “This investigation is driven by the following intuition: the closer the blocksize is to the limit, the more likely the next transaction will be published on a later block and not the most current one. When these cybercriminals breach a...