Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Attacks on Bitcoin and Ethereum are now ‘economically unfeasible’: Study
ADOPTION NEWS

Attacks on Bitcoin and Ethereum are now ‘economically unfeasible’: Study

By Crypto FlexsFebruary 16, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Attacks on Bitcoin and Ethereum are now ‘economically unfeasible’: Study
Share
Facebook Twitter LinkedIn Pinterest Email
Security • February 16, 2024 3:23 AM EST

Posted 1 minute ago In ~

The current security model is Bitcoin BTC

-0.41%
and Ethereum ETH

+1.09%
A new research paper published on February 15 found that 51% and 34% of attacks, respectively, were “economically infeasible.”

A 51% attack is an attempt by an entity to control more than half of a blockchain’s mining hash rate, theoretically allowing them to maliciously alter the distributed public ledger. Similarly, a 34% attack attempts to manipulate the consensus of the ledger (proof-of-stake or BFT network) to approve or reject specific transactions by acquiring network stake.

According to the researchers, a 34% attack on the Ethereum network on December 31, 2023 (when Ethereum is priced at $2,279 per coin) would have cost approximately $34.39 billion, and the attacker would be able to do so on June 14, 2024. It will take until. Successfully gain the necessary control over the network.

For Bitcoin, various scenarios have proven similarly unfeasible. For example, it would cost more than $20 billion to produce the number of ASIC mining rigs needed for an attacker to gain the majority of control over the hash rate of the most important blockchains. This is not possible due to limited microprocessor availability.

Alternatively, the attacker may need to collude with the hardware manufacturer. This is an unlikely scenario in which supply chain issues will also occur.

The electricity costs of running a large number of machines would also be prohibitive.

“The security of Bitcoin and Ethereum has evolved to the point where the costs and risks associated with an attack far outweigh the potential benefits,” the researchers concluded.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Adam is Editor-in-Chief for Europe, Middle East and Africa. He lives in Central Europe and is the editor-in-chief and podcast host at OKX Insights, the former research arm of cryptocurrency exchange OKX. Prior to that, he co-founded and served as Editor-in-Chief of BeInCrypto.com, growing it into one of the leading cryptocurrency media brands. He previously served as Editor-in-Chief of Bitcoinist.com. Before joining the blockchain and cryptocurrency industry, he worked at Looper.com, Grunge.com, and SVG.com. He tweets at @XBT002 and can be emailed at (email protected).
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Exchange Rollish is expanded to 20 by NY approved.

October 2, 2025

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025
Add A Comment

Comments are closed.

Recent Posts

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 2.83 Million Tokens And Total Crypto And Cash Holdings Of $13.4 Billion

October 6, 2025

BC.GAME News Backs Deccan Gladiators As Title Sponsor In 2025 Abu Dhabi T10 League

October 6, 2025

Unity modifies mobile games and password wallets that threaten important vulnerability.

October 6, 2025

BitDigital becomes the first public Etherrium for distributing unsecured leverage -details -Details

October 6, 2025

Cango Inc. Announces September 2025 Bitcoin Production And Mining Operations Update

October 6, 2025

Cake Eyes 60% Rally Pancake WAP

October 5, 2025

Bitcoin Pullback — ETFs Drive Capital Flows, Altcoins Like SOL And XRP Boost Investor Returns

October 5, 2025

SHIBA INU (SHIB) and Dogecoin (DOGE) holders are 16,736%of Rally Progast Tempts buyers that are accumulated as Little PEPE (Lilpepe).

October 5, 2025

Solana Future Surge as the institution induces the open interest for the best record.

October 4, 2025

Free bitcoin.in app withdrawal request My satoshi

October 3, 2025

If this happens, you can see a huge price of $ 1.9.

October 3, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 2.83 Million Tokens And Total Crypto And Cash Holdings Of $13.4 Billion

October 6, 2025

BC.GAME News Backs Deccan Gladiators As Title Sponsor In 2025 Abu Dhabi T10 League

October 6, 2025

Unity modifies mobile games and password wallets that threaten important vulnerability.

October 6, 2025
Most Popular

Is Bitcoin Minetrix the dark horse that will surpass Ethereum in 2024?

January 21, 2024

NVIDIA’s AI Sales Assistant: Insight and Innovation

January 22, 2025

Launch of the world’s first Ethereum ETF with spot redemption – a new era for cryptocurrency investors

October 14, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.