Attack 51% is more than a reality in the cryptocurrency world. In fact, some cryptocurrencies have experienced it several times already.
Obviously this is one of the important factors to consider when investing in cryptocurrencies.
Another wave of panic occurred after running Crypto51, special website on which all published information about the possibilities of attack of 51% in various cryptocurrencies, including the cost of one hour of the attack.
Read also – How much Attack 51% of Bitcoin Cash, Bitcoin and Ethereum Gold Classic
Soon after, Charlie Lee, founder of Litecoin assured inwestorow in Litecoin, they have no reason to worry, as the network has a relatively low threat of attack.
In lite of recent 51% attacks and https://t.co/yfy2GcBfQE info, rest assured that the Litecoin is extremely secure and mining is very healthy. – Pools are well distributed (largest 22%)- Hashrate up 50x (past 1 year)- High capital costs to attack ($322-761MM + ~$38-50k/hr) pic.twitter.com/hD8IrYM8dD— Charlie Lee [LTC] (@SatoshiLite) May 30, 2018
In particular, Lee noted that the power of mining pools in the Litecoin network are distributed more or less evenly, and the cost of the attack make it uneconomical.
In the United States will release a series about cryptocurrency startup
Facebook will be indicted with a record fine by the Federal trade Commission
Wait: Pavel Durov can imagine the TON and the GRAM this week
Cryptocurrency exchange Coinnest by mistake gave the clients crypts for $5 million
A bitcoin ETF may obtain automatic approval of the SEC as a result of the shutdown in the US
The cryptanalyst: trading with Bitcoin will turn into "turbulent waters". What does it mean?
Why quantum computer is an IBM not a game changer in the cryptocurrency market
The developers of Ethereum postponed hardwork Constantinople in connection with the identified vulnerability