💰 #BTC

😰 BTC is now under threat of a 51% attack as two mining pools control over 51% of the computational power.

What is a 51% attack?

This is a situation where one group or several combined miners gain control over most of the network's power (hashrate) — more than 51%.

Why is this dangerous?

If someone controls more than half of the computational power, they can:

✔️ Rewrite transaction history — for example, cancel their transfers (double spending).

✔️ Block other transactions — decide which transfers get into the blockchain and which do not.

✔️ Monopolize block creation — effectively temporarily “take over” the network.

What they CANNOT do:

✔️ Steal other people's BTC from wallets.

✔️ Create new coins beyond the limit.

But this is unlikely because:

Foundry - USA (33%)

AntPool - China (18%)

Unless they are in collusion.