Bitcoinist
2018-05-27 11:00:36

51% Percent Attacks: Hacking a $2 Billion Dollar Cryptocurrency for Less Than $1.5 Million

Some PoW currencies are using the same mining algorithms as their larger counterparts, making it much easier to hack the smaller networks with a 51% attack. Network Security Blockchain technology is revered as being a completely secure system, but that isn’t necessarily the case. The tech is still relatively new. Also, as the price of popular cryptocurrencies increase and there’s more of a reward for attacking it, more and more people will look for inventiveRead MoreThe post 51% Percent Attacks: Hacking a $2 Billion Dollar Cryptocurrency for Less Than $1.5 Million appeared first on Bitcoinist.com.