Ethereum Researcher: The Difficulty and Cost of a 51% Attack on Ethereum is Much Higher than on Bitcoin
According to Cointelegraph, Ethereum researcher Justin Drake stated that launching a 51% attack on Bitcoin is cheaper compared to Ethereum, costing approximately $10 billion. He pointed out that to control the Ethereum chain, one would need to control more than 50% of the staked ETH, which is currently valued at nearly $44.8 billion, and the actual cost might be higher.
Drake emphasized that Ethereum's PoS mechanism has a social layer of defense that can identify and socially penalize attackers, whereas Bitcoin's PoW lacks this mechanism. Experts believe that although there is a theoretical risk, the threshold for launching a 51% attack on either BTC or ETH is extremely high in reality.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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