The Vulnerability Of Bitcoin

We dive deep into the concept of a 51% attack within the blockchain ecosystem, a scenario where an individual or a group gains control over more than half of a blockchain's hashing power. This control can lead to severe security breaches, including the ability to block or reverse transactions, leading to double spending—a critical flaw where the same digital asset is spent more than once. The video meticulously explains how attackers can rent hash power to achieve this dominance and the limitations of the damage they can inflict, such as the inability to create new coins, steal unrelated assets, or alter block rewards.

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Tipjar
Ethereum: 0x93aC7eBC2C731914ABB9fDf1fF77Bc1E56A5140a
Bitcoin: bc1qp058qkgfsmccjeyfsy5qdx5qm9gy6k5gcyvu4r

Timestamps
00:00 Intro
0:20 Majority Attack
01:29 Double Spending
01:55 Disruption
02:37 The Likelihood
02:50 The Cost
04:33 Proper Participation

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Disclaimer: The information provided in this video is for educational and entertainment purposes only. It is not financial advice.

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