51% attack – DIGIT INFO

Buterin pitches solutions to Ethereum’s staking, block production issues

DIGIT — Mon, 21 Oct 2024 03:57:58 +0000

Buterin recommended capping the amount of Ether a user can stake and limiting staking penalties to 12.5% of staked Ether.

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Analysis Reveals Possible 51% Attacks by Satoshi on Bitcoin in Early 2009

DIGIT — Thu, 03 Oct 2024 18:30:07 +0000

A social media post by an X account named “Wicked” presents claims that Satoshi Nakamoto may have conducted 51% attacks on the Bitcoin blockchain in May 2009. Wicked speculated that Satoshi likely tested these attacks early on to understand their potential impact on the network. Claims Surface Suggesting Satoshi Nakamoto Tested 51% Attacks on Bitcoin […]

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Vitalik Buterin: Solo staking key to Ethereum’s security

DIGIT — Mon, 16 Sep 2024 11:16:19 +0000

At Ethereum Singapore 2024, Vitalik Buterin explored how solo stakers strengthen Ethereum’s security and decentralization by reducing reliance on centralized entities.

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Understanding The 51% Attack In The Cryptocurrency Space

DIGIT — Tue, 07 Nov 2023 12:12:48 +0000

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

The post Understanding The 51% Attack In The Cryptocurrency Space appeared first on The Merkle News.

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What is a 51% attack and how to detect it?

DIGIT — Sat, 12 Nov 2022 14:24:00 +0000

Despite the inordinate amount of resources needed to engineer them, small-cap cryptocurrencies are still susceptible to a 51% attacks.

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An Unknown Miner Commands More Than 51% of BSV’s Hashpower, Consecutive Strings of Empty Blocks Makes Chain Unreliable

DIGIT — Sun, 23 Oct 2022 14:00:25 +0000

A single miner has managed to overtake a large portion of the Bitcoinsv (Bitcoin Satoshi’s Vision) blockchain capturing more than 80% of the hashrate on October 17. Today, the unknown miner’s hashpower commands around 54% of the Bitcoinsv’s computational power and during the last seven days, the stealth miner captured 64.5%. Unknown Hashpower Captured 64% […]

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A Second Ethereum PoW Chain Idea Gains Traction, Poloniex to List ‘Potential Forked’ Token Markets

DIGIT — Sat, 06 Aug 2022 15:30:19 +0000

Five days ago, the influential Chinese crypto miner, Chandler Guo, explained that a proof-of-work (PoW) version of Ethereum is “coming soon” as the community prepares for the network’s transition to proof-of-stake (PoS) next month. As usual, the idea of a forked token gets people excited and some individuals get upset, and even though the token […]

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Chinese Miner Claims an Ethereum PoW Fork Is ‘Coming Soon,’ Despite ETC’s Existence

DIGIT — Tue, 02 Aug 2022 09:30:31 +0000

According to Chandler Guo, an influential Chinese bitcoin miner, a proof-of-work (PoW) version of Ethereum is “coming soon.” The news comes as The Merge is expected to be implemented on Ethereum during the week of September 19, and the growing discussions of delaying the highly anticipated proof-of-stake (PoS) transition. Chinese Miner Chandler Guo Says ‘Ethereum […]

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Monero community concerned as leading mining pool nears 51% of ecosystem’s total hash rate

DIGIT — Tue, 15 Feb 2022 18:19:44 +0000

The sharp increase in MineXMR’s mining hash rate in the past few months has led some XMR enthusiasts to suspect ulterior motives.

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Monero Supporters Beg XMR Miners to Boycott Mining Pool Capturing 44% of the Network Hashrate

DIGIT — Mon, 14 Feb 2022 21:30:07 +0000

Reports indicate that the Monero community is upset about a specific mining pool that currently commands 44% of the network’s hashrate. Supporters are asking mining participants to leave a mining pool called Minexmr as they believe the operation threatens decentralization. A Single Monero Mining Pool Commands 44% of the Network’s Hashrate, Monero Community Members Debate […]

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