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Honest question: Are NFTs, which use blockchain, susceptible to a 51% attack?
by mistersquid 5y ago
Honest question: Are NFTs, which use blockchain, susceptible to a 51% attack?
- kranke155 5y agoI'm not sure. However I made the mistake of worrying about 51% attacks for ages, and they've proven to be a bit of a red herring. Basically running a 51% attack would fundamentally devalue the entire blockchain due to loss of trust, so I don't think anyone has committed one on a blockchain with good valuation and decent number of nodes. It's cryptoeconomics/game theory - what use is there to rob a bank if it then leads to hyperinflation? So it hasn't happened, to my knowledge, in any major chain.
- jfoster 5y agoMight some large governments be interested in destroying a cryptocurrency?