51% attack

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What is a 51% attack?

25 Jun 2020 6 minute read 0 comments Kluma

What is a 51% attack? A 51% attack is a vulnerability in PoW blockchains with the help of which an attacker takes control of transaction confirmation and block generation.   What gives the possession of 51% of the network power? With 51% of t...

51% attack: Worst nightmare in decentralised network

17 Jun 2020 2 minute read 2 comments Cryptomeitei

51% attack  is one of the worst nightmare in crypto space. The aim of decentralisation is to bring transparency, trustworthy and privacy .But every project cannot be a full sucess. Being decentralised in nature still  there is high risk of  attack fr...

It Costs About $10K/hr to Attack Bitcoin Cash Network

26 May 2020 1 minute read 0 comments author_nan

The Bitcoin Cash (BCH) network is not looking at its healthiest, as ARK Invest analyst Yassine Elmandjra points out in a tweet made on May 23. 51% attacks seem reasonably possible, with other factors also showing some concerns. Elmandjra suggests th...

A Digibyte 51% attack imminent?

2 May 2020 1 minute read 2 comments Hippos4ever

In this article I will try to display to everyone reading why white hat hackers are a important part of the crypto ecosystem. I will be providing a summary experience one can get by reading this reddit I found related to the currency DGB (or Digibyte...

Bitcoin Guide - Possible attacks at the end of the chain (Blockchain) #Part7

24 Feb 2020 3 minute read 0 comments Roberto D.

Possible attacks at the end of the chain (Blockchain) The fact that for minutes there may be ambiguity at the end of the chain has implications for transaction security. For example, if one of your transactions is part of one of the shorter branches,...

What is a 51% attack in layman’s terms

15 Feb 2020 1 minute read 2 comments Topdealz

What is a 51% attack in layman’s terms A 51% attack or double-spend attack is a miner or group of miners on a blockchain trying to spend their crypto's on that blockchain twice. ... The goal of this isn't always to double spend crypto's, but more oft...

Bitcoin Gold again under attack 51%, the losses attributable to double spending are 70 thousand dollars

28 Jan 2020 1 minute read 0 comments Roberto D.

This was communicated by James Lovejoy, a researcher at MIT's Digital Currency Initiative, with a post on GitHub published a few days ago; Bitcoin Gold suffered a new 51% attack (the second in the past two years) between 23 and 24 January. A 51% atta...

Cryptocurrency: Vertcoin suffered a 51% attack, again

2 Dec 2019 1 minute read 0 comments Roberto D.

It is not the first time that it has happened, I remember at least two other precedents during the last year, the first in December 2018 and the second in spring 2019; now it has happened again, a 51% attack against Vertcoin has been successful. It w...

Emercoin Hardfork Mess – Trivial 51% Attack

11 Jul 2019 12 minute read 0 comments art_of_bug

Welcome back. Last time we've talked about Particl. Since then there has been good news coming from Particl. The bugs were fixed and they are allegedly considering creating a proper bug bounty program. And we have published a post about how should a...