51% Attacks – Threat to the Bitcoin Network?
Definition of a 51% Attack A 51% attack refers to a potential security threat to the Bitcoin network. In this type of attack, a single validator (miner) or a group of miners (mining pools) controls more than 50% of the computational power (hash rate) of the entire Bitcoin network. This would enable the attackers to […]
What problem does Bitcoin solve?
To truly understand the added value Bitcoin can bring to society, it is first advisable to look at the current problems prevailing in today’s society. Problem 1 – High Resource Consumption – We need solutions that reduce resource consumption worldwide! The current global overproduction of goods and, consequently, the massive resource consumption has been made […]