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richie

Crypto51 - PoW 51% Attack Cost tool

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https://www.crypto51.app/

Crypto 51 is a tool that shows how much it costs you to make a 51% attack (ie. double spend) on a specific network (blockchain) that runs POW.

For example, you can see it costs $557 to attack a Bytecoin network that is worth almost a billion dollars, and so on.

 

Screen-Shot-2018-05-29-at-9_18.26-AM.png.30488619ec5b3c0464a09ff76ba9e051.png

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It's not so expensive for the top 3 coins. Owner of a blockchain can easily get 1 million and spend it to attack its competition 🙄and where is XRP?

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@oneXghost to attack other network and the result is dangerous for both, the owners and exchanges. It creates possibility to double spend your coins, I don't know if BCN (for example) is used anywhere else than exchange, but there you're able to withdraw and sell your coins it at the same time. 😂

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Charlie Lee made a comparison of Litecoin vs Digibyte since Digibyte is using 5 algorithms to secure its network. You make your own decision which one is more secure:

 

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source: twitter

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