Attack Alert on Ethereum! Buterin Warns: "Be Prepared Urgently!"
Ethereum co-founder Vitalik Buterin said that the network is unprepared for a 51% attack and urgent action is needed.
So why is Buterin so worried?
* A 51% attack is carried out by a hacker who controls more than 51% of the network.
* This gives the hacker the powers to reverse transactions, withdraw funds, and even print new money.
* The cost of such an attack on Ethereum could be $34 billion.
What solution does Buterin propose?
* Buterin wants the network to automatically develop software to counter transaction censorship.
* These software will detect and counter attackers' attempts to disrupt transactions.
So what is the Ethereum community doing?
* Buterin's warning caused concern in the Ethereum community.
* Developers are working on new solutions to counter attacks.
* Some investors say they are considering withdrawing from Ethereum.
Do you think there will be a 51% attack on Ethereum? Share your thoughts in the comments and let's discuss the future of Ethereum!
