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.