Understanding The 51% Attack In The Cryptocurrency Space

In cryptocurrency industry, security is a foremost concern and that’s why we will be discussing “51% Attack” today. While blockchain innovation offers a decentralized and carefully designed ledger, it’s not insusceptible to specific weaknesses. One such vulnerability is the feared “51% attack.” 🔵 Crypto Word Of The Day 🔵#51Attack pic.twitter.com/u4SAPEiPcY — CoinEcho (@mycoinecho) November 7, 2023 What Is a 51% Attack? A 51% attack, otherwise called a majority attack, happens when a malevolent entity gains control over half of the network’s mining power or computational resources. In a proof-of-work blockchain, as Bitcoin, miners approve transactions and secure the network. On

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How To Calculate ROI In Cryptocurrency Investments Using Different Scenarios

A critical pointer in cryptocurrency is the ability to calculate the return on investment (ROI), which empowers financial investors to evaluate the productivity of their holdings. Finding the percentage change in the initial investment over a given period of time is the most important phase in working out return on investment. To demonstrate how ROI in cryptocurrency functions, we should look at perhaps one or two scenarios. Scenario 1: Transient ROI Envision a trader who contributes $30,000 to get one Bitcoin (BTC) and sells it for $40,000 in the following six months. The formula for ROI is: (Selling Price –

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