How does a '51% attack' affect a blockchain network?

  • Enables control over the majority of the network
  • Enhances data privacy
  • Improves transaction speed and throughput
  • Prevents unauthorized access to the blockchain data
A '51% attack' occurs when an entity gains control of more than 50% of a blockchain network's computing power. This enables the attacker to manipulate transactions, double-spend coins, and potentially disrupt the normal functioning of the network. Recognizing the impact of a '51% attack' is essential for assessing the security vulnerabilities and potential risks associated with blockchain networks.__________________________________________________
Add your answer
Loading...

Leave a comment

Your email address will not be published. Required fields are marked *