How Does a Decrease in Miner Participation (Due to Halving) Potentially Affect Network Security? ⎊ Path

How Does a Decrease in Miner Participation (Due to Halving) Potentially Affect Network Security?

A significant decrease in miner participation leads to a lower total network hash rate. A lower hash rate means that a malicious actor would require less computational power to control over 50% of the network.

This control is necessary to execute a "51% attack," which could allow them to reverse transactions and double-spend coins. The network's difficulty adjustment mechanism is designed to eventually lower the difficulty, restoring profitability and attracting new miners to maintain security.

What Is “Hash Rate” and How Does It Affect a Miner’s Chance of a Reward?

Why Are Smaller PoW Cryptocurrencies More Susceptible to a 51% Attack than Bitcoin?

What Is a “51% Attack” and Why Is Hash Rate Relevant to It?

What Is the Minimum Hash Rate Required for a Successful 51% Attack on Bitcoin?

What Is the Relationship between Coin Difficulty and Vulnerability to a 51% Attack?

What Is the Relationship between the Cost of a 51% Attack and the Market Capitalization of a Cryptocurrency?

Why Is Double-Spending Easier on a Blockchain with Low Hash Rate?

How Does the Derivative Market for Hash Rate Futures Potentially Affect the Cost of Attack?