Vitalik: 51% attacks cannot rewrite blocks, but off-chain trust introduces new risks
Jinse Finance reported that Ethereum co-founder Vitalik Buterin emphasized in an article that a key security property of blockchain is that even in the event of a 51% attack, invalid blocks cannot be made valid. Therefore, even if 51% of validators collude or there is a software failure, user assets cannot be stolen. However, he warned that if we start relying on validators to perform off-chain tasks that the chain itself cannot control, then 51% of validators could potentially collude to provide incorrect results, causing users to lose their protection mechanisms.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
NEAR jumps nearly 80% in a week as Intents volume nears $30B
Equinox Gold to Redeem $172.5 Million Senior Convertible Notes
Premarket surge of 7%! Paramount plans to spend 1.5 billions USD to secure approval in California, potentially clearing obstacles for the 81 billions USD merger with Warner.
Paramount and Warner Bros. Discovery are seeking to reach a settlement with the California Attorney General regarding their proposed $81 billion merger. The proposed concessions include a $1.5 billion investment in California, commitments related to studio assets, film output, and CNN's editorial independence. Meanwhile, delays in the deal would cost Paramount approximately $7 million in "ticking fees" per day, putting time pressure on the settlement negotiations.
