If more than 50% of the computational power or network ownership is held by one entity, they can manipulate transactions, such as duplicating money (double-spending).
This poses a serious threat, especially to networks with low participation or hashing power, such as smaller and less popular blockchains.
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GateUser-5bf08d33
· 2024-12-31 00:36
How did the 20-year bull market come about? Once BTC went from 7000 to 10400, then dropped to 8800, then rebounded to 9800, and then dropped to 9200. I caught the bottom. The next night it was 7000, and the next morning it was 3800. Then there was no more after that.
If more than 50% of the computational power or network ownership is held by one entity, they can manipulate transactions, such as duplicating money (double-spending).
This poses a serious threat, especially to networks with low participation or hashing power, such as smaller and less popular blockchains.