How Much To Hack Bitcoin And Ethereum? New Study Reveals Price
Summary
- Study by Lucas Nuzzi analyzes financial viability of 51% attacks on Bitcoin and Ethereum. - Introduces Total Cost to Attack (TCA) framework, estimating $20 billion for Bitcoin and over $34 billion for Ethereum. - Highlights technical and logistical challenges, including the unavailability of necessary ASICs and complex node management for Ethereum. - Concludes no profitable strategies for attackers and identifies a Nash Equilibrium in the security dynamics of both networks. - Study reaffirms the robustness of Bitcoin and Ethereum against potential threats.
