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Old 04-06-2011, 05:17 PM  
MyBitcoin
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Join Date: Nov 2010
Posts: 50
Quote:
Originally Posted by Zyber View Post
Cryptography
If I understand this right, the strength of this currency relies on the strength of the SHA-256 algorithm?

**CHOMP**

How does the mechanism work which prevents the same coin from being used twice?
Could that system be tampered with if 100 million fake nodes produce manipulated traffic?
Instead of answering your technical questions until my hands are purple, I'll let this video explain it.

https://youtube.com/watch?v=XQPSwA2Itbs

(Starts at 0:42:00, explained by Steve Gibson from grc.com)
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