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How Does the 51% Attack Exploit a Weakness in the PoW Consensus Mechanism?

A 51% attack occurs when a single entity or coordinated group gains control of more than half (51%) of the network's total mining hash rate. With this majority, they can effectively block new transactions, reverse their own recent transactions (double-spending), and prevent other miners from completing blocks.

The "weakness" is the economic vulnerability that the security relies on the majority of miners acting honestly.

In What Scenario Might an Attacker Try to Manipulate the Raw Transaction Data?
How Does a 51% Attack Relate to the Security of a Specific Cryptocurrency’s Blockchain?
How Does a 51% Attack Exploit the Consensus Mechanism?
Explain the ‘51% Attack’ Vulnerability in a Proof-of-Work System