Doesn't apply for USDT and USDC which can freeze funds with a court order.
And like the DAO hack on Ethereum showed, if most people who run blockchain software decide that something never happened, they can revert transactions that way.
Doesn't apply for USDT and USDC which can freeze funds with a court order.
And like the DAO hack on Ethereum showed, if most people who run blockchain software decide that something never happened, they can revert transactions that way.
>And like the DAO hack on Ethereum showed, if most people who run blockchain software decide that something never happened, they can revert transactions that way.
Isn't that a pretty integral part of the blockchain? 51% attacks were even featured on the HBO show Silicon Valley.
Fixing the DAO hack wasn't done via a 51% attack. In most/all blockchains protocol changes aren't done by simple majority vote.
Yes it was done by 51% attack. The chain split into ETH and ETC.
Not every chain split is a 51% attack.
Sure, some chain splits fail to get any significant support, so they don't reach anywhere near 51% of mining power. This one did. Hence, it's called a "51% attack".
Nope. None of what you're saying is correct.
Offhand dismissal of some very uncontroversial statements. Cool. Maybe you should stop spreading intentional misinformation and instead do something positive with your life.