Monday, 19 October 2015

Why Bitcoin Experts Aren"t Afraid of a 51% Attack

Much of the Bitcoin community was in a frenzy last weekend as mining pool GHash.io came close to reaching 50% of all hashing power on the network. If any one entity gains 51% of the Bitcoin network"s power, it would enable them to double-spend transactions and even shut down the entire system - if only for an hour or two.
Why Bitcoin Experts Aren"t Afraid of a 51% Attack

No comments:

Post a Comment