What Is a “51% Attack” and How Does It Relate to PoW’s Probabilistic Finality?

The primary resource consumed in a Proof-of-Work (PoW) system is computational power, specifically the energy and hardware required to perform the cryptographic hashing function (mining). Miners expend this resource to solve a difficult mathematical puzzle to find a valid block hash.

This expenditure of energy is the "work" that secures the network and prevents Sybil attacks, making the process costly for a potential attacker.

How Does the Energy Consumption of Proof-of-Work Compare to Proof-of-Stake Consensus Mechanisms?
How Does the Transition of Ethereum to a Full PoS System Impact Its Finality?
How Does ‘Proof-of-Stake’ Reduce Energy Consumption Compared to PoW?
What Is “Hashing Power” and How Is It Measured in PoW?
What Is the Difference between “Probabilistic Finality” and “Absolute Finality” in Blockchains?
How Does the “Difficulty Adjustment” Mechanism Function in PoW?
How Does PoS Improve Energy Efficiency Compared to PoW?
What Is the Concept of “Economic Finality” in a Hybrid System?

Glossar