Are there any real-world examples of selfish mining attacks and their consequences in the cryptocurrency world?

1 answers

• kitchener LimousineFeb 09, 2023 · 3 years ago
  As an expert from BYDFi, I can tell you that selfish mining attacks are a serious concern in the cryptocurrency world. While there have been real-world examples of such attacks, it is important to note that the majority of blockchain networks have implemented measures to prevent and mitigate the risks associated with selfish mining. These measures include consensus algorithms like Proof of Stake (PoS) and Proof of Authority (PoA), which make it more difficult for attackers to gain control of the network's mining power. However, it is still important for users and cryptocurrency projects to remain vigilant and stay updated on the latest security practices to protect against potential attacks.
  700

  350