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News related to Crypto / 51% Attacks on Bitcoin and Ethereum Networks Are Not Possible Due to ...
« on: February 16, 2024, 11:45:58 AM »
51% Attacks on Bitcoin and Ethereum Networks Are Not Possible Due to Impractical Costs: Coin Metrics
It is no longer viable for nation-states to destroy the Bitcoin (BTC) and Ethereum (ETH) networks through 51% attacks. According to the latest research from crypto intelligence firm Coin Metrics, the astronomical costs required to carry out such attacks make them impractical and unprofitable... Read more here
While i agree with what researcher said since it's expensive to obtain tons of SHA-256 ASIC or ETH coin, they do not consider possibility of performing 51% attack by hacking BTC mining or ETH staking pool. Your opinion is greatly appreciated.
It is no longer viable for nation-states to destroy the Bitcoin (BTC) and Ethereum (ETH) networks through 51% attacks. According to the latest research from crypto intelligence firm Coin Metrics, the astronomical costs required to carry out such attacks make them impractical and unprofitable... Read more here
While i agree with what researcher said since it's expensive to obtain tons of SHA-256 ASIC or ETH coin, they do not consider possibility of performing 51% attack by hacking BTC mining or ETH staking pool. Your opinion is greatly appreciated.