Claudio
Thu Oct 10 2024
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7 answers
1739
What is the 51% rule in Bitcoin?
The 51% rule in Bitcoin refers to a situation where a single entity or group controls more than half of the network's computing power. This allows them to potentially manipulate transactions, such as double-spending or preventing confirmations, which can lead to a loss of trust and value in the network. However, it's important to note that executing such an attack is difficult and expensive due to the distributed nature of the Bitcoin network.
