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Attacks on Bitcoin and Ethereum now 'economically unfeasible': research

Summary by Ground News

The current security models for Bitcoin and Ethereum make 51% and 34% attacks, respectively, unfeasible. A 51% attack is an attempt by an entity to gain control of more than half of a blockchain's mining hash rate. A 34% attack attempts to manipulate the consensus of the ledger to approve or disapprove specific transactions.

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Attacks on Bitcoin and Ethereum now 'economically unfeasible': research

According to a new research report, the theoretical costs associated with successfully attacking Bitcoin or Ethereum far outweigh the benefits.

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The Block broke the news in 1 year ago on Friday, February 16, 2024.

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