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Home Cryptocurrency Bitcoin

Exclusive Study: Shocking Costs of Bitcoin & Ethereum 51% Attacks

A groundbreaking study reveals the exorbitant costs of orchestrating a 51% attack on Bitcoin and Ethereum, reinforcing the resilience and security of these networks. Estimates suggest that such attacks could cost $20 billion for Bitcoin and over $34 billion for Ethereum. Additionally, the study concludes that attackers have no viable methods of profiting from these networks, further strengthening their security. Understanding the high costs and technical barriers associated with these attacks increases confidence in the security of Bitcoin and Ethereum, potentially driving up prices in the long term.

by John Darbie
Sat, Feb 17, 2024 1:49pm
in Bitcoin
• 3 mins read
14.8k
Exclusive Study: Shocking Costs of Bitcoin & Ethereum 51% Attacks | FinOracle

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