Monday 16 June 2014

Bitcoin's 51% problem is the most popular and widely used Bitcoin mining pool in existance today. This is a threat to Bitcoin as this could permit a 51% attack which could facilitate a double spend on the network. Is it really a problem? I don't think it as big of a threat as everybody thinks it is. i.e. Bitcoin is not written in stone. We can adopt changes. Check out the hashrate distribution here


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