Understanding the 51% Attack Threat
Bitcoin, often touted as a beacon of decentralization and security, faces a new wave of speculation regarding a potential 51% attack led by Bitcoin Unlimited (BU). You might be wondering, what exactly is a 51% attack? In simple terms, it’s when a single entity gains control of more than half of the network’s mining power. This could lead to chaos, including double-spending and a significant loss in value.
PFhub’s Warning: Pay Attention!
PFhub recently published an article raising alarms about this potential threat. They stated that BU might be