Network Attacks

This saying keeps repeatedly circling according to the strength of a cryptocurrency like Bitcoin 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 of work put in.…