Ethereum Merge architect Justin Drake stated that launching a 51% attack on Bitcoin would be cheaper than on Ethereum. According to Drake, attacking Bitcoin would cost around $10 billion, while attacking Ethereum would be more expensive. Grant Hummer, co-founder of Etherealize, also highlighted the high cost of attacking Bitcoin, estimating it at $8 billion. Drake emphasized the difficulty and expense of gaining 100% control over the Ethereum chain, requiring over 50% stake. Despite the high value of staked Ether, a significant investment would still be needed for an attack. Ethereum's social and economic coordination mechanisms provide additional security against attacks, unlike Bitcoin's proof-of-work mechanism. Experts suggest that while theoretically possible, the barriers to executing a 51% attack on both Bitcoin and Ethereum are extremely high, making it unlikely in practice. Read more AI-generated news on: https://app.chaingpt.org/news

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