Buterin: “A Binance 51% attack attempt would fail”

Source
JH Kim

Summary

  • Vitalik Buterin said, “Even if Binance attempts a 51% attack on the Ethereum network, it will fail.”
  • Buterin was quoted as warning that an attempted 51% attack “could result in slashing losses worth billions of dollars.”
  • The remarks said the security of the Ethereum network and its economic incentive structure are designed to deter attacks.

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Ethereum (ETH) creator Vitalik Buterin expressed strong confidence about the possibility of a 51% attack.

According to Wu Blockchain on the 30th (local time), Buterin said, “Even if Binance attempts a 51% attack on the Ethereum network, it will fail.”

He warned that if such an attempt were made, it could lead to slashing losses worth billions of dollars.

The remarks are interpreted as underscoring that the Ethereum network’s security and economic incentive structure are designed to deter attacks.

Photo = Shutterstock
Photo = Shutterstock
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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