What type of attack would be considered a very large flaw in public blockchains such as Bitcoin's Blockchain where the majority of hashpower could possibly be controlled thru an attack? What is the specific attack Bitcoin could be exposed to?
A) 51% Attacks
B) Tether Token Hack
C) DDoS Attack
D) BIP attack
E) Parity Wallet Attack

Question

What type of attack would be considered a very large flaw in public blockchains such as Bitcoin's Blockchain where the majority of hashpower could possibly be controlled thru an attack? What is the specific attack Bitcoin could be exposed to?
A) 51% Attacks
B) Tether Token Hack
C) DDoS Attack
D) BIP attack
E) Parity Wallet Attack

Quizplus · Accepted Answer

A 51% attack occurs when a single entity gains control of more than 50% of the network's mining hash rate, allowing them to potentially double-spend coins and prevent new transactions from being confirmed. This is a significant vulnerability in public blockchains like Bitcoin.

What Type of Attack Would Be Considered a Very Large Flaw