Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13285
Markets: 101961
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13285
Cryptocurrencies
62.63%
Bitcoin Share
BitcoinSistemi 2025-05-17 16:05:09

Ethereum Developers Criticize Bitcoin: They Revealed the Amount of Money Needed to Attack BTC

Ethereum Developers Criticize Bitcoin: They Revealed the Amount of Money Needed to Attack BTC

Ethereum researcher Justin Drake has recently highlighted the weakness of Bitcoin’s security budget, saying that the cost of a 51% attack is much lower compared to Ethereum. Drake estimated that such an attack on Bitcoin could cost around $10 billion, while he noted that a similar attack on Ethereum would be much more costly thanks to its Proof-of-Stake (PoS) mechanism. In order to attack the Ethereum network, Drake said it would be necessary to seize more than 50% of the staked ETH, which is currently worth approximately $44.8 billion, and that this figure could increase further with market fluctuations. Drake’s comments are in line with the notable posts made by Grant Hummer, co-founder of Ethereum-focused marketing and product firm Etherealize, on the X platform. Related News: Bitcoin is Stuck Between Two Critical Points: Here Are the Key Areas That Will Determine Its Fate Hummer used the following expressions in his post: “With all due respect, BTC is completely drained by its security budget. A 51% attack on BTC today would cost just $8 billion. When that number drops to $2 billion (i.e. when BTC’s security market cap is 0.1% of asset market cap), such an attack becomes almost certain. This will become a visible reality in the next decade. ETH is the only truly decentralized crypto asset that can become the internet’s store of value (SoV).” Hummer said that Ethereum's higher security cost is also an advantage, and continued: “Securing your data with a global decentralized network with thousands of validators and around $100 billion in staked security is certainly more expensive compared to the chains a few VCs run on AWS. But I know which one I prefer for critical data.” *This is not investment advice. Continue Reading: Ethereum Developers Criticize Bitcoin: They Revealed the Amount of Money Needed to Attack BTC

Most Read News

Moralis Money
Market Cap
24h Vol
62.63%
Bitcoin Share
190
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.