📚If you follow the blockchain industry and the digital currency market, it is unlikely that you have not heard about the 51% Attack.
🤔So what is the meaning of this term? What does it refer to?
Definition of a 51% attack: A 51% attack occurs when a person or group is able to control more than 50% of the computer power needed to confirm transactions on the Bitcoin network.
Is a 51% attack possible on Bitcoin? In theory, yes, but it requires accumulating a large amount of computing power and huge investments.
How many Bitcoins does it take for a 51% attack? This changes constantly as the value of Bitcoin and the technology used changes, but in general, it requires hundreds of millions of dollars and enormous resources.
In short, a 51% attack on Bitcoin is not an easy task and requires huge investments and significant technical capabilities.
🐳We hope you liked the content. What is the next term that you would like us to explain?
Share your opinion with us in the comments
