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Bitcoin Gold Considers a Hard Fork To Avoid More 51% Attacks

 

Last moth, in turn of unfortunate events, Bitcoin Gold (BTG) succumbed to the malicious double spend attack when a miner gained 51 percent control of the network, making it the third altcoin to suffer losses from such kind of attack after Monacoin and Verge.

51% attack refers to an attack on a blockchain, usually bitcoin’s, for which such an attack is still hypothetical, by a group of miners controlling more than 50% of the network’s mining hashrate, or computing power. The attackers would be able to prevent new transactions from gaining confirmations, allowing them to halt payments between some or all users.

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