6 May, 2019
51% Attack
Posted on : by : BlockGlossary
Meaning: 51% Attack
A 51% attack is a situation where more than half of the computing power on a network is operated by a single individual or concentrated group, which gives them complete and total control over a network.
Things that an entity with 51% of the computing power can do include, but are not limited to:
Halting and manipulating all interpersonal transactions.
Double Spending using singular coins over and over (this simply means that they can spend same coin/token money twice by deleting transactions from the Blockchain records).
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