CRYPTO NEWS.
THE GOOGLE TRANSLATOR.
All of them of probable attacks on bitcoin, the most terrible — "attack of 51%". What if criminals get more than 50% of the hash power they will be able not only to stop the confirmation of transactions, but also to cancel some of them that will undermine the whole project.
Bitcoin is created in such a way that a potential attack 51% was just a horror story. Up to a point. Apparently, this attack could begin on November 16. Just then, the miners owning 50% of the capacity of the network and consortium startups could try to increase the block size. Although it is likely hardwork than attack, but nevertheless.
The problem is that we are not talking about ordinary fork and attempt to rectify the status quo. So, the developers will not impose the protection of the playback chain. That is, the transaction in one fork, can be repeated on the other. It seems that users will receive funds on both blockchains, only to lose them, too, they can quickly, and once in two. A protection play is a simple tool that eliminates the risks. Without it, most of the chains may just disappear.
Segwit2x main goal is to destroy the status quo of bitcoin. Although not all participants want this, the lack of protection playback all would lead to the failure of bitcoin.
This point can be considered decisive. All very could be a very bad transaction could be terminated, in bitcoin, as in other baccani, lose faith, and they will become vulnerable.
But bitcoin may be more stable and survive the attack.
The risk that bitcoin will manage a group of people, and always will be. But he won't be so terrible if bitcoin will be able to overcome it, as happened yesterday.
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