Glossary term
51% Attack
Refers a directed towards controlling share of the collective mining pool. If a malicious party were to control more than 51% of global hashing power, it would give…
Definition
Understand the fundamentals, context, and nuances behind this term.
Refers a directed towards controlling share of the collective mining pool. If a malicious party were to control more than 51% of global hashing power, it would give them the potential to direct the chain and use their majority consensus to submit fake transactions that may allow for the double spending of funds.
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