GUEST ESSAY: Tapping Bitcoin’s security — to put a stop to ‘51% attacks’ of cryptocurrency exchanges
The Last Watchdog
OCTOBER 28, 2021
Over the past five years, cryptocurrency exchanges have been the target of increasingly damaging “ 51% attacks ” resulting in the theft of over $30 million worth of cryptocurrency to date. Related: Wildland restores control of data to individuals. However, these attacks aren’t due to exchange security flaws; malicious actors are exploiting the underlying consensus protocols of blockchains themselves.
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