blockchains runs on the Proof-of-Work (PoW) consensus mechanism. Critics have slammed the network for its energy usage and when faced with a similar challenge, Ethereum (ETH) moved to a Proof-of-Stake (PoS) mechanism. Market participants speculate how the security of the BTC network will be affected by a similar move and whether the Bitcoin blockchain is strong enough to resist an attack. a crypto trader and analyst commented on the Bitcoin network’s ability to tackle a 51% attack, said BTC does not have a sustainable security budget to navigate such a situation. A 51% attack is an event in which a malicious entity, a group of miners or an individual gains control of over 50% of Bitcoin network’s mining hash rate. Is Bitcoin a secure place to invest ?
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