BlockChain Security

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For small public blockchains, it might be possible to rent services such as NiceHash to setup a 51% attack, for only a few hundred thousand USD (Figure 1).

51% attacks can be very profitable, as for the May 2018 attach on Bitcoin Gold, with $18 Millions being stolen (figure 1.1) in a single attack.

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Figure 1: Credits to crypto51.app

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Figure 1.1: Recent (2018) 51% attacks and profitability