Why the 51 attack Bitcoin will never take place? Expert's answer
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This week the main topic of discussion was on the blockchain Classic. After a daring capture most of Hasrat althena more and more experts began to Express concerns about the security of the main cryptocurrency. As the network of Bitcoin also operates on the basis of Proof-of-Work, hackers have the chance to spend double spending BTC with enough resources.
So how much capacity really need to once and forever destroy Bitcoin? In order to dispel fears and panic in the community, one of the most famous designers Jimmy song explained on Twitter why the attack scenario 51 to the main cryptocurrency is practically impossible.
How to kill Bitcoin
The Possibility of attack 51 even recognize himself Satoshi Nakamoto, noting that in wallpapere cryptocurrency.
If most of the CPU node will be monitored by the honest miners, their block chain will grow faster and will surpass any other blackany. To change data in the past block, an attacker would have to exert a huge amount of effort to overcome the work of other nodes.
In Other words, Bitcoin will remain safe as long as most of his harrata will be in the hands of «right side». This rule applies not only to the main cryptocurrency and altcoins but who also rely on the algorithm Proof-of-Work.
According to Jimmy song, every day the Bitcoin becomes more and more closed target for hackers.
Hold attack 51 Bitcoin is really difficult. You not only need to have enough Asimov to capture Hasrat, but also to find a powerful power source for all equipment. With time and growth Hasrat the cost of attack will continue to grow.
51% attack on BTC is really hard. Not only do you have to get 51% of the hash power in terms of mining equipment, but you also have to get access to enough electricity to feed those machines. Over time, this is going to be the much harder thing to obtain.
— Jimmy Song (송재준) (@jimmysong)
It Seems to worry us about. More interesting details about the vulnerabilities of the block chain can be found in our .
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