How Does the Total Hashrate of a Network Influence Its Perceived Security Level?
The total hashrate of a Proof-of-Work network is directly proportional to its perceived security level. A higher total hashrate means that an attacker needs to acquire a proportionally larger amount of computational power to execute a 51% attack.
This increases the economic cost of the attack significantly, making it less likely to be profitable. Therefore, a high hashrate serves as a strong economic deterrent, enhancing the network's resilience against malicious takeover attempts.