You need those confirmations because PoW is probabilistic. Any entity with a large share of hashrate, even if it's less than 51%, can selfish mine and force block reorgs on any PoW coin. Their successful attempts increase the more hashrate they have, but it doesn't require anywhere even close to 51% to start disrupting the network.
Login to reply
Replies (1)
Agree, the problem is for how long can the attacker sustain a “longer” branch.
1 hour of desync is accounted in the design, a full week is no bueno.
Then at 51% their branch will accumulate more PoW over long periods of time.