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Is Facebook's Libra Cryptocurrency Susceptible to a 34% Attack?
As reported by BeInCrypto; according to the whitepaper for Facebook’s new cryptocurrency, Libra can be disrupted by only one-third of the network. That means Libra can essentially suffer a ‘34% attack.’ On Tuesday, Facebook unveiled its cryptocurrency, Libra. The company also released a whitepaper. In it, the team lays out all the details for Facebook’s future digital currency. What seems to be flying under the radar, though, is how little it takes for Libra’s network to be disrupted. We’ve all heard about 51% attacks on proof-of-work consensus systems. If 51% of miners, as a group, decide to collude, ... (full story)