Skip to main content

What Is the Risk of a 51% Attack in a Private Blockchain?

The risk of a 51% attack, where one entity controls the majority of the network's hash rate or staking power, is technically lower in a private blockchain. This is because the participants are known and authorized by the governing entity.

However, the risk shifts to a single point of failure or malicious action by a governing consortium member.

What Is the Primary Difference between a ‘Known’ Event and an ‘Unknown’ Event in Terms of IV Impact?
What Is the Concept of ‘Atomic Swaps’ in Decentralized Finance (DeFi)?
In Derivatives, What Is the Role of the Central Clearing Counterparty (CCP)?
How Does the Concept of ‘Time Decay’ (Theta) Affect the Value of an Option?