Skip to main content

Can a Coin’s Governance Structure Be Used to Rapidly Counter an Ongoing 51% Attack?

Yes, a well-designed governance structure can be crucial. Mechanisms that allow for rapid community consensus, such as a developer-backed emergency hard fork or a quick change to the confirmation requirements on major exchanges, can counter an attack.

However, a highly centralized governance might be faster but risks being manipulated, while a decentralized one might be too slow to react effectively.

How Does a ‘Fork’ Occur in a Blockchain Network?
How Does Decentralization Impact Transaction Speed?
Can a Time-Lock Be Bypassed in an Emergency Situation?
What Is the Difference between “Soft Forks” and “Hard Forks” in Blockchain Governance?