OP_RETURN based tokens are fundamentally flawed
Read OriginalThis technical analysis argues that Bitcoin Cash token protocols using OP_RETURN, like Simple Ledger Protocol and Colored Coins, are fundamentally flawed. The author contends they break true SPV wallet security, forcing wallets to trust third parties or become light wallets, and create an alternative, fragile consensus model dependent on full nodes rather than miner proof-of-work, which is vulnerable to splits and attacks.
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