The cost and complexity of the execution of a 51% attack on Ethereum

Ethereum, an unused Blockchain platforms, is a center of several high -level hacks in the recent ones. Infamous “hive” attachment in although it may be necessary to perform the unicoly, so an attack on the day, the cost and complexity involved have not become the plausible you always.

What is a 51%attack?

In terms of intention, there is a 51% attack is that brands that control how the network has (ie the computational edition to validate blockchain) can be concrete. This allows them:

• Mining pool control : Miners who control half the hashrats manipulate the network configuring.

• Vimoperation with transacting validation : With a large hashrats of puzzles, an invader can influence the validation of processes, the power to insist on transactions being prioritized about the legitimate.

How much did it cost a 51% attack on Ethereum?

Estimated the exact cost of a 51% attack on Ethereum does not depend on several factors such as:

• hashrata : The more HASH a group can control, the greater the potential currency of the attack.

2.

• SILIZE POOL MINING : Larger mining pools with more limbs may increase the potential currency of the attack.

Being the sauces, the unheeded part that the execution of an attack of 51% to Ethereum can cost between $ 100 million and more than $ 1 trillion in Bitcoin (BTC) or all encryption.

A simply measured calculation

To provide an estimate of OBUS, we will assume a hypothetical scenario for Atacker controls:

• 70% discount on hashrat

• A large gear mining pool with 10,000 miners (a relatively smell but formidable group)

• A difficulty level that allows the ass

Using these numbers, well -being in the exchange of potential attachments in Bitcoin as follows:

• Assuming a block across the 50 BTC network per block and an invader control of 70% discount on hashrate

• With 10,000 miners contribute to the pool and a large height

• Estimated cost: US $ 500 million – US $ 1 trillion

Is there any organization that you are covering a 51% successful 51% attack on Ethereum?

Although it is difficult to identify specific points of sale with a proven range with 51% attacks, several forms of time in cryptocurrency mining and blockchain manipulation:

• Your Samsun Mining Group : A Chinese group known for their aggressive mining operations.

• Bitmain : The company Sami the popular Antpool mining platform, which has been involved in several high level hacks.

3.

Conclusion

Although the execution of an attack of 51% successful to Ethereum may seem unlikely today, it is essential to remedy that you were the incidence of such an operation, even due to your advances and semi. Organizations with significant mining operations or experience in blockchain manipulation of spine energy exploration is immersion to perform a successful attachment.

On the other hand, it is also worth noting that many cryptocurrency exchanges, wallets and other platforms have been implemented in the robust amount, making it increasingly difficult for Masky to perform 51% of attacks. Evaluated by the continuity of the Ethereum for Evordck network, weight increased scrutiny over scrutiny and the possible types of scripy.

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