How Secure Are Blockchain Networks Today

Written by gabrielmanga | Published 2022/07/23
Tech Story Tags: cybersecurity | blockchain-technology | crypto | cryptocurrency | blockchain-security | technology | hacking | phishing

TLDRBlockchains are less likely to be hacked than other systems since they are not centralized. In order to launch a 51% attack, hackers or criminals need to control more than half of the computers that are part of the distributed ledger in order to change the chain (this is very unlikely, but not impossible). However, there are still instances of blockchain networks being networked, for example, Axie Infinity's sidechain Ronin was hacked for $650m worth of ETH earlier this year.via the TL;DR App

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Written by gabrielmanga | Into tech, AI, startups and blockchain
Published by HackerNoon on 2022/07/23