% Attack

Understand the concept of a 51% attack in cryptocurrency, where a single entity gains control of majority hash power, compromising network security.

% Attack refers to the proportion of the total network’s computational power or resources controlled by a single entity or group. This concept is particularly relevant in proof-of-work blockchains, where miners compete to solve complex problems and validate transactions.If a single miner or group manages to control more than 50% of the total mining power, they can manipulate the network. This might allow them to double-spend coins, prevent other users from completing transactions, or even alter the blockchain’s history. Such dominance poses significant risks to the overall security and integrity of the network.The term serves as a reminder of the importance of decentralization in blockchain systems. A higher distribution of mining power among a larger group of participants helps safeguard against potential attacks. Strategies to mitigate % Attack risks include changing consensus mechanisms, enhancing node diversity, and implementing better incentives for miners.

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