How $FIRO protects its network from 51% attacks: stronger security

Security in the cryptocurrency world is a priority, and Firo has developed robust solutions to protect against 51% attacks. If you're wondering what this means, it's an attack where someone would take control of more than half the network in an attempt to alter transactions. Fortunately, Firo has an effective system to counter this type of threat.

Firo uses a hybrid consensus algorithm, which combines proof-of-work (PoW) and a network of master nodes called LLMQ. These master nodes play a crucial role: they secure the blockchain through a process called ChainLocks, which ensures that blocks are validated quickly and cannot be modified maliciously.

On top of this, there's another interesting element: to operate a masternode, you need to block 1,000 FIROs as collateral. This means that operators have every incentive to play fair, or risk losing their investment. This double protection - PoW and masternodes - ensures a high level of security and makes 51% attacks virtually impossible.

So Firo has put in place a system that works, protecting both network and users. With this approach, you can use Firo with complete peace of mind, knowing that your transactions are safe.