51% Attack
By CoinGecko | Updated on Mar 03, 2020
Attempt to obtain control of a cryptocurrency, by obtaining 51% or more of the power of the network or of the cryptocurrencies of the network.
Related Terms
Blockchain
In Bitcoin's case, blockchain describes its decentralized, public ledger which contains transactional information.
Private Keys
The alphanumeric string which allows transactions from the cryptocurrency address
Peer to Peer
A communication protocol that does not require a central hub
Node
Within the blockchain network, the nodes are computers that connect to the network and have an updated copy of the blockchain
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.