Are there any real-world examples of successful or attempted 51% attacks on cryptocurrencies?

1 answers

• May 01, 2022 · 3 years ago
  Yes, there have been real-world examples of successful or attempted 51% attacks on cryptocurrencies. One such example is the attack on the Bitcoin Cash (BCH) network in May 2019. The attacker gained majority control over the network's mining power and was able to reverse transactions and double-spend coins. This incident raised concerns about the security of the Bitcoin Cash network and led to discussions about the need for stronger security measures. It is important for cryptocurrency networks to constantly evolve and adapt to mitigate the risk of 51% attacks.
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