51% Attack – Everything You Need to Know About it

This saying keeps circling again and again according to which the strength of a cryptocurrency like Bitcoin is in its network. The greater the number of individual contributors and supporters of the network, the higher its resiliency towards external threats. In the blockchain, there is a direct correlation between the number of participants and network security. There is strength in decentralization. The reason for the interdependence between participants and security, at least for Proof-of-Work coins like Bitcoin, is the amount…