Questions tagged [attack]

Nicola Sun Jul 14 2024 | 5 answers 1309

Could you elaborate on the potential risks posed by a powerful miner attacking the Bitcoin network? Specifically, how could such an attack impact the integrity of the blockchain, transaction speeds, and overall security of the cryptocurrency? Additionally, what measures are taken to prevent or mitigate such attacks, and how effective are they in ensuring the stability and resilience of the Bitcoin network? It's crucial to understand the vulnerabilities and safeguards in place to safeguard the world's largest cryptocurrency.

Daniele Tue Jul 09 2024 | 6 answers 940

Could you elaborate on the concept of a "51% cryptocurrency attack" and its implications within the realm of cryptocurrency and finance? Specifically, I'm interested in understanding how such an attack could be executed, the potential consequences it poses to the security of a blockchain network, and the strategies that might be employed to mitigate such risks. Additionally, I'm curious about the role miners play in this scenario and how their participation or lack of it could influence the success of a 51% attack.

Andrea Fri Jul 05 2024 | 7 answers 1890

Could you elaborate on the various methods hackers employ to target and attack cryptocurrency wallets? I'm particularly interested in understanding how phishing scams, malware infections, and brute force attacks are executed, as well as the vulnerabilities these approaches exploit. Are there specific steps that wallet owners can take to mitigate these risks? Additionally, how do hackers leverage social engineering techniques to gain access to sensitive wallet information? I'd appreciate a detailed breakdown of these attack vectors and potential countermeasures.