- Joined
- Jan 5, 2020
- Messages
- 455
- Reaction score
- 39
- Points
- 35
- Age
- 26
- Location
- Bangladesh
- BMF Points
- $1,035
Bitcoin network's hash rate has gone down significantly which makes it prone to get attacked by hackers. This type of attack where a group of unknown miners with a powerful hash rate tries to take over a network is called a 51% attack. If this type of attack were to occur then it will mess up all the transactions made in the network. Bitcoin's hash rate went down by 16% and taking over the network costs must less than before, around $11 million.