#EthereumSecurityInitiative

News of Odayli Ether researcher Justin Drake mentioned that the cost of executing a 51% attack on Bitcoin is about 10 billion dollars, which is much lower than the cost of an attack on Ethereum. He pointed out that the PoS mechanism in Ethereum not only increases the cost of the attack but also provides additional security guarantees through the social coordination mechanism within the community. Justin Drake confirmed that the Ethereum community can identify and penalize attackers, which is a feature that the PoW mechanism does not possess. Additionally, Matan Sitbon, the founder of Lightblocks for developing interaction between blockchains, also mentioned that the final security of Ethereum does not rely solely on encryption or protocol rules, but also on the strong social and economic coordination mechanism of the community $ETH . (Cointelegraph)