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51% Attack

Refers a directed towards controlling share of the collective mining pool. If a malicious party were to control more than 51% of global hashing power, it would give them the potential to direct the chain and use their majority consensus to submit fake transactions that may allow for the double spending of funds.

Bitcoin SV (BSV) hit by 51% attack, three malicious chains created

The controversial Bitcoin fork was hit by the notorious 51% attack last night. The attackers have since backed off, but not before significant damage was done.

Hacks 2 years ago · 2 min read

Bitcoin SV (BSV) hit by 51% attack, three malicious chains created

Once $80-million privacy crypto Grin comes under 51% attack

If you were around in 2018 or early 2019, you likely remember the hype around MimbleWimble. MimbleWimble is a privacy technology for cryptocurrencies that is attempting to one-up the technologies use by networks like Zcash or Monero. The technology gained quite a bit of traction in 2019 when two cryptocurrencies using Mimblewimble launched, Grin and […]

Hacks 3 years ago · 2 min read

Once $80-million privacy crypto Grin comes under 51% attack

Ethereum Classic is partnering with security firms to prevent further 51% attacks

Ethereum Classic (ETC) Labs — the code maintainer and non-profit behind the Ethereum fork — announced its partnership with two cybersecurity firms to prevent the repeated 51% attacks that the Ethereum Classic network suffers from. Repowering Ethereum Classic In a blog post, the ETC Labs said the ETC Core Dev Team and itself were partnering […]

Hacks 3 years ago · 2 min read

Ethereum Classic is partnering with security firms to prevent further 51% attacks

Ethereum’s Vitalik Buterin dismisses concerns of 51% attack on ETH 2.0

Ethereum co-founder Vitalik Buterin has downplayed any concerns about a potential 51% attack on the network’s upcoming ETH 2.0 upgrade, which sees it shift to a proof of stake consensus design. Yield farming lockups create concerns After yield farming aggregator Yearn Finance launched its yETH vault earlier this week, the protocol attracted over 137,000 ETH […]

People 3 years ago · 2 min read

Ethereum’s Vitalik Buterin dismisses concerns of 51% attack on ETH 2.0

Coinbase delays Ethereum Classic transactions after two 51% attacks

Coinbase will delay all Ethereum Classic (ETC) transactions after the network suffered two 51% attacks last week, with hackers stealing millions in ETC. The San Francisco-based exchange said on a tweet the confirmation time for ETC sent to Coinbase and Coinbase Pro is now set at 2 weeks after the recent network attacks. It added […]

Hacks 3 years ago · 2 min read

Coinbase delays Ethereum Classic transactions after two 51% attacks

Why isn’t Ethereum Classic worth $0? Macro investor asks after 51% attacks

Ethereum Classic (ETC), the fork or version of the Ethereum protocol that didn’t freeze the funds of the infamous DAO hack, has been under the spotlight over the past week. At the end of July and the start of August, there was some discussion of a 51% attack on the blockchain. a 51% attack is […]

Hacks 3 years ago · 2 min read

Why isn’t Ethereum Classic worth $0? Macro investor asks after 51% attacks

64% of Bitcoin holders worry about a 51% Attack — here’s why you shouldn’t worry

Could an attack on Bitcoin be imminent? 65 percent of Bitcoin owners are convinced that a 51% Attack is a legitimate concern for the Bitcoin community and its investors, according to our new report on the “State of Crypto Mining.” But is there really a threat, or is that fear more sci-fi than reality? To […]

Mining Contributor 3 years ago · 3 min read

64% of Bitcoin holders worry about a 51% Attack — here’s why you shouldn’t worry

Bitcoin Gold 51% attack highlights the weaknesses of proof-of-work

The 51 percent attack Bitcoin Gold experienced last week sparked an industry-wide debate about the security of the network. Many saw this as proof of BTG’s redundancy, but few focused on the problems in proof-of-work itself that enable these kinds of attacks to happen in the first place. Proof-of-work is less secure than we think […]

Analysis 3 years ago · 2 min read

Bitcoin Gold 51% attack highlights the weaknesses of proof-of-work

Analyst: Litecoin not in danger of a 51% attack despite bottomed hashrate

After more than 66 percent of its value got slashed since its August halving, Litecoin saw its hashrate drop from its peak of over 500 TH/s to just 150 TH/s. However, the network’s drastically reduced computing power doesn’t make it vulnerable to a 51 percent attack, data has shown, as its low price wouldn’t justify […]

Mining 4 years ago · 2 min read

Analyst: Litecoin not in danger of a 51% attack despite bottomed hashrate

You can’t fix 51% attacks on Bitcoin without adding centralization, argues core developer

The ability to 51% attack Bitcoin indicates that it’s decentralized. It’s impossible to fix this vulnerability without adding centralization, argued Litecoin founder Charlie Lee and Bitcoin Core developer Gregory Maxwell. Characteristic of decentralization Decentralization is one of the most important attributes of blockchain technology according to some of the most prolific figures in the industry. […]

Analysis 4 years ago · 3 min read

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51% Attack

Bitcoin SV (BSV) hit by 51% attack, three malicious chains created

Once $80-million privacy crypto Grin comes under 51% attack

Ethereum Classic is partnering with security firms to prevent further 51% attacks

Ethereum’s Vitalik Buterin dismisses concerns of 51% attack on ETH 2.0

Coinbase delays Ethereum Classic transactions after two 51% attacks

Why isn’t Ethereum Classic worth $0? Macro investor asks after 51% attacks

64% of Bitcoin holders worry about a 51% Attack — here’s why you shouldn’t worry

Bitcoin Gold 51% attack highlights the weaknesses of proof-of-work

Analyst: Litecoin not in danger of a 51% attack despite bottomed hashrate

You can’t fix 51% attacks on Bitcoin without adding centralization, argues core developer

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51% Attack

Bitcoin SV (BSV) hit by 51% attack, three malicious chains created

Once $80-million privacy crypto Grin comes under 51% attack

Ethereum Classic is partnering with security firms to prevent further 51% attacks

Ethereum’s Vitalik Buterin dismisses concerns of 51% attack on ETH 2.0

Coinbase delays Ethereum Classic transactions after two 51% attacks

Why isn’t Ethereum Classic worth $0? Macro investor asks after 51% attacks

64% of Bitcoin holders worry about a 51% Attack — here’s why you shouldn’t worry

Bitcoin Gold 51% attack highlights the weaknesses of proof-of-work

Analyst: Litecoin not in danger of a 51% attack despite bottomed hashrate

You can’t fix 51% attacks on Bitcoin without adding centralization, argues core developer

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