51% Attack
By CoinGecko | Updated on Mar 03, 2020
Attempt to obtain control of a cryptocurrency, by obtaining 51% or more of the power of the network or of the cryptocurrencies of the network.
Related Terms
Dump
A common term used to describe downward market movement, or to describe the action of selling an individuals holdings.
Lightning Network
It is the "second layer" or an off-chain of payment protocol that operates on top of a blockchain. Payments on this network do not need block confirmation and it will be instant.
Proof of Work (PoW)
A consensus algorithm in which a block is validated via mathematical hashing
Mineable
A cryptocurrency is said to be "mineable" when it has the system thrugh which miners can be rewarded with newly-created cryptocurrencies for creating blocks.
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