2024-12-26T09:06:15+0000

How does a 51% attack on a blockchain network affect a cryptocurrency trader or investor? In this 3-minute video, we'll explain: 1. What is a 51% attack? 2. Examples of 51% Attack 3. How can 51% Attack be prevented in the blockchain? A 51% attack in cryptocurrency is when an attacker gains control of most of a blockchain network's computing power, allowing them to manipulate the system, potentially double-spend coins, halt transactions, and cause financial loss for users. Links: CoinGecko: https://www.coingecko.com/ GeckoTerminal: https://www.geckoterminal.com/ Timestamps: 00:00 Intro 00:11 What Is 51% Attack? 00:28 How does 51% Attack work? 01:03 Examples of 51% Attack 01:50 How to prevent a 51% Attack? 02:39 Outro Download CoinGecko App!📱 iOS: https://gcko.io/coingecko-ios Android: https://gcko.io/coingecko-android Follow us! Twitter: https://twitter.com/coingecko Instagram: https://www.instagram.com/coingecko TikTok: https://www.tiktok.com/@coingeckotv Telegram: https://t.me/coingecko Subscribe to CoinGecko's Newsletter! 📩 https://landing.coingecko.com/newsletter/ #51%attack #cryptoattack #proofofwork #proofofstake #cryptosecurity #hashpower #hashing #cryptotransactions #bitcoin #ethereum #ethereumclassic #decentralized #cryptocurrency#crypto ##financ #blockchain