A 51% assault happens when a single community miner or group of miners controls greater than half of a blockchain community’s hash fee. Theoretically, this could allow the attacker to dam transactions from happening within the blockchain, alter the sequence of latest transactions, and probably revert previous transactions (known as “double spending”) by tampering with blockchain knowledge.
Nevertheless, a latest examine signifies that executing such assaults is financially unviable inside the present safety setups of Bitcoin and Ethereum.
Attacking Bitcoin and Ethereum Not Worthwhile
As regards to December 31, 2023, and contemplating an Ethereum worth of $2,279, a complete staked ETH amounting to twenty-eight.8 million ETH, and a validator depend of 899,840 validators, CoinMetrics’
