#EthereumSecurityInitiative

According to Cointelegraph, Ethereum Merge architect Justin Drake has expressed concerns about the relative security of Bitcoin compared to Ethereum. Drake, who played a pivotal role in Ethereum's transition to a proof-of-stake (PoS) system, suggested that launching a 51% attack on Bitcoin would be more cost-effective than on Ethereum. He estimated that such an attack on Bitcoin could cost around $10 billion. This perspective aligns with a previous statement by Grant Hummer, co-founder of Etherealize, who claimed that Bitcoin's security budget is insufficient. Hummer estimated that a successful 51% attack on Bitcoin could cost $8 billion, potentially decreasing to $2 billion in the future. A 51% attack occurs when an entity gains control over more than half of a blockchain network's mining or staking power, allowing them to manipulate the network.