By Investment U Research Team Cryptocurrency—or, more specifically, blockchain—is widely touted for its relative infallibility. Thanks to the distributed nature of blockchain ledgers and decentralized nature of crypto, no single person or entity can manipulate the blockchain. That is, unless they stage a 51 attack.
What is a 51 attack? It’s a very complex endeavor to control the hashing power of a blockchain, and it’s the closest thing to bitcoin fraud possible.
The Definition of a 51% Attack
A 51 attack is so named because it involved taking over a majority of the hashing power within a network. More specifically, at least 51% of the hashing …read more
