51% Attack
A situation where a single entity controls more than 50% of a blockchain network's mining hash rate, allowing manipulation of transaction confirmations or double-spending.
Frequently Asked Questions: 51% Attack
What is 51% Attack?
A situation where a single entity controls more than 50% of a blockchain network's mining hash rate, allowing manipulation of transaction confirmations or double-spending.
Why is 51% Attack important in cryptocurrency?
51% Attack is a key concept in the cryptocurrency and blockchain ecosystem. Understanding 51% Attack helps investors, developers, and users navigate the digital asset space more effectively.