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.