It seems like the russian affiliated hacker group Killnet initiated a DDoS attack against most banks in Denmark last day, meaning that their websites went down for a period of time and people were not able to access their NetBank (bank accounts through their websites).
This got me thinking about Bitcoin and if there are any similar risks to a DDoS attack. Overflooding the pool of transactions could be one such attack - we have seen similar cases during bear markets where the pool just got completely filled and you would have to pay double digit sats to make a transaction. Attacking the Bitcoin network like this is not costless, but on the other hand, at its current price, it would be to expensive to spam the network with transactions.
Then there is the lightning network, which my guess would be, is a lot more difficult to attack because the attacker would need to target multiple lightning nodes. As the network is growing and the channels between them increases, this is just making it even more difficult.
I would love to hear your take on it, and understand if my reasoning is flawed.
Overflooding the pool of transactions could be one such attack - we have seen similar cases during bear markets where the pool just got completely filled and you would have to pay double digit sats to make a transaction.
That's not really a problem and not really an attack. You can always pay higher transaction fee if you want your transaction to be confirmed fast. If you are not ready to pay that, probably your transaction is not so important after all.
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I understand you could always pay a higher fee, but for a layman it would be an issue, just as customers couldn't reach their bank accounts. But I guess as adoption increases, so will fees eventually - fees at 1 s/byte will probably not be viable in the long run.
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