New study: 51 percent Attack Bitcoin is impossible
Source:
Associate Professor in the Department of electrical engineering Indian Institute of technology, Bombay Professor Saravanan Vijayakumaran published a new research work dedicated to the security of the Bitcoin Protocol. He found out that the attack 51 percent is impractical for attackers, as it would require a «significant costs» give «small financial benefits».
Issledovaniyeyami company Zebpay. It was investigated three aspeca security of Bitcoin:
the- manipulation of confirmed and unconfirmed transactions; the
- the probability of interruption of normal operation of the network Protocol.
The prospect of the theft of coins BTC; the
What is a 51 percent Attack?
As written by Bitcoinist, the main purpose of the study was to assess network vulnerability to attack Bitcoin 51 percent. This type of attack implies the ability of the owner of the greater part Hasrat to change history and prevent confirmation of new transactions. In 2018, several crypto-currency blockchains 51 percent or double-spending.
According to the research results of Professor Vijayakumaran, such an invasion would not only require enormous computational potential, but practically will not bring financial benefits. The document also States that the attacker can only insert or delete transactions, but not edit them . Overall, while Bitcoin does not appear the enemy in the entire populous of the country, such attacks impossible.
It is Noteworthy that the study was conducted at a time when Bitcoin ten years. At the same time for all history of existence of de facto chief digital currency and has not been made successful attacks 51 percent. More data to search for .
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