In the world of cryptocurrencies, security is of utmost importance. A 51% attack is a potential threat that can compromise the security of a blockchain network. In this blog post, we will explain what a 51% attack is and how to detect it. What is a 51% Attack? A 51% attack is a situation where a single entity or a group of entities controls more than 50% of the computing power (hash rate) of a blockchain network. This gives them the ability to control the network and manipulate transactions.
What is a 51% Attack and How to Detect It?
What is a 51% Attack and How to Detect It?
What is a 51% Attack and How to Detect It?
In the world of cryptocurrencies, security is of utmost importance. A 51% attack is a potential threat that can compromise the security of a blockchain network. In this blog post, we will explain what a 51% attack is and how to detect it. What is a 51% Attack? A 51% attack is a situation where a single entity or a group of entities controls more than 50% of the computing power (hash rate) of a blockchain network. This gives them the ability to control the network and manipulate transactions.