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Strategies & Market Trends : Bitcoin
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To: Elsewhere who wrote (913)5/29/2021 8:26:34 PM
From: Doren  Read Replies (1) of 963
 
Two-thirds of the world’s bitcoin mining power is based in China, leaving the cryptocurrency potentially vulnerable

That’s because China potentially could mount what’s known as a majority attack, or a 51% attack, which would sabotage bitcoin’s integrity and possibly cause its price to plunge. As acknowledged on the bitcoin Wiki: “Bitcoin’s security model relies on no single coalition of miners controlling more than half the mining power.”
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