Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: 51% attack
by
Wind_FURY
on 01/08/2023, 15:11:12 UTC
⭐ Merited by Cricktor (1)

But was there any such attack on Bitcoin around that time?


As far as we know, no.


Plus if there was, let's get the facts clear. There's a misstatement that's commonly accepted that if an entity "controls 51% or more of the total hashing power, that entity has total control over the Bitcoin network". That's actually wrong. An entity can have 100% of the total hashing power, but it still can't change the consensus rules and it still can't make invalid transactions into valid transactions. It can only censor transactions.