Coin Metrics: Bitcoin and Ether Are Immune to 51% Attacks
Main page News, Bitcoin, Ethereum, Hacker Attack

According to a recent report by Coin Metrics, nation-states are no longer able to destroy Bitcoin and Ethereum networks through 51% attacks due to the exorbitant costs involved.

Previously, a 51% attack referred to a malicious actor owning the majority of the mining hashrate in a proof-of-work based system or 51% of the cryptos staked in a proof-of-stake based network.

This would give them the power to manipulate the blockchain, blocking new transactions or doubling token spending, ultimately undermining trust and destroying the network.

Subscribe to our Telegram channel to get weekly short digests about events that shape the crypto world

However, recent research suggests that the high cost of capital and operational expenses make it infeasible for nation-states to carry out these attacks on an ongoing basis.

Read also:
Please describe the error