A recent study spearheaded by Lucas Nuzzi, Head of R&D at CoinMetrics, has brought to light detailed insights into the financial viability of launching a 51% attack on the blockchain giants, Bitcoin and Ethereum. Published under the title “Breaking BFT,” this research delves deep into the economics and logistical challenges of such attacks, offering a nuanced understanding of blockchain security.
How Much Is A 51% Attack On Bitcoin?
Nuzzi took to X (formerly Twitter) to share the study’s findings, emphasizing the prevalent concerns within the crypto community about the networks’ vulnerabilities. He remarked, “The mere possibility of these types of attacks has caused significant anxiety… These are the boogieman of blockchain security but their costs and expected utility remain a mystery.”
How much does it cost to 51% attack Bitcoin and Ethereum?
To find out, we simulated what an attack would look like.
Our paper, Breaking BFT, was published today with some interesting
We współpracy z: https://bitcoinist.com/hack-bitcoin-ethereum-new-study-reveals-price/
