It’s not bitcoin or even regular ethereum, but there is nothing preventing this kind of attack on less popular coins and it wouldn’t be too hard to replicate this on more popular coins. It’s only a matter of time before organized criminals make this a regular thing.
- LinkedIn Zeiwkf5OPThe 51% attack has always been known as a theoretical weakness of all crypto currencies. Given how cheaply Computer power can be rented, maybe it’s time to take that threat a lot more seriously.
- Docker / R&D SQL_InjectmoreWow I didn’t hear about this. $5k in computing power to achieve 51% is crazy