Demystifying 51 Attacks: What You Need to Know

Everything You Need to Know About 51 Attack

What is 51% Attacks

A 51% attack is an often discussed attack scenario against a blockchain. With such an attack, 51% or more than half of the total computing power is checked by an attacker.

Technically, a 51%attack means that an attacker has a higher probability of the rest of the, honest network to win the race for the next block.

The attacker can manipulate the following transactions in his favor by the properties of the blockchain so that the coins can be issued twice (double spending).