Skip to main content

What Is the Role of Community Monitoring in Detecting a Potential Hashrate Attack?

Community monitoring plays a crucial role as an early warning system. Dedicated community members and developers can track the coin's total network hashrate and block times in real-time.

An unexpected, rapid spike in hashrate or a sudden drop in block time can signal an imminent or ongoing 51% attack. This allows the community to alert exchanges and mining pools to temporarily halt transactions or switch to defensive mining strategies before significant damage occurs.

How Is Liability Distributed among Members of a DAO?
In High-Frequency Trading (HFT), How Quickly Do Algorithms Adjust the Bid-Offer Spread in Response to Volatility Spikes?
What Is the Concept of “Difficulty Adjustment” and How Does It Relate to Sudden Hashrate Spikes?
What Role Does Hash Rate Monitoring Play in Exchange Security?