What is a 51% attack? (technical context)
A 51% attack occurs when an actor controls more than 50% of a blockchain’s consensus power, which would allow them to:
• Reverse recent transactions
• Perform double-spending
• Censor transactions
• Reorganize blocks
This is widely documented in both PoW and PoS networks.
A 51% attack occurs when an actor controls more than 50% of a blockchain’s consensus power, which would allow them to:
• Reverse recent transactions
• Perform double-spending
• Censor transactions
• Reorganize blocks
This is widely documented in both PoW and PoS networks.