Why would someone 51% attack? They would be too invested

Question

DeFiChain - International

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Why would someone 51% attack? They would be too invested

#blockchain #cryptocurrency #defichain #english

0

02.02.2022

4 ответов

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DanieL BaptistA

Because a coordinated 51% attack (usually so massive and more complex as bigger the network is, and therefore can only be carried out for example for miners or other entity as big as several of them), would grant those 51% the control of the network. It would be irrelevant if they also invest or not, because they could write the transaction records as they wished and therefore, seize whatever they would want. Fortunatelly, there are ways to not have such incentive

0

02.02.2022

Spencer L

DanieL BaptistA
Because a coordinated 51% attack (usually so massi...

As stated above. There would be community intervention most likely before that we got to that point, however, and they would need a lot of DFI to do such an attack. It is quite unlikely that it will happen, so don't be panicked.

0

02.02.2022

DanieL BaptistA

Spencer L
As stated above. There would be community interven...

Exactly! 👍

0

02.02.2022

Spencer L · Accepted Answer

Spencer L

Someone who commits a 51% attack is able to double spend their coins and manipulate the blockchain. This would result in chaos, most likely them making tons of money if they are successful, leaving everyone else with basically worthless coins as everyone will rush for the exit.

0

02.02.2022

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Why would someone 51% attack? They would be too invested

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