What is a 51% attack? Back to list

Member SinceMar 07, 2022

Posts 263

Agaricy96

Oct 27, 2022 a 12:35
A 51% attack occurs when a cryptocurrency miner or group of miners gains control of more than 50% of the blockchain of a network. The 51% attack scenario is uncommon, especially for more established cryptocurrencies, due to the logistics, hardware, and costs involved. However, a successful block attack may grant the attacker complete network control, allowing them to double-spend coins, prevent other transactions from confirming, and prevent other miners from mining.

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