51% attacks are not possible on Ethereum. The network is far too large. If this were possible, the billions of dollars worth of assets secured on the network would quickly be stolen or become worthless.
Furthermore, not only would such an attack be immediately detected, it would necessarily be public. The miracle of such technology is that all votes can be verified by anyone without revealing anyone's vote. But any given voter can also verify that their vote was counted correctly.
It's hard to wrap your head around the potential. But understand that we are not talking about a mysql database.
If this were possible, the billions of dollars worth of assets secured on the network would quickly be stolen or become worthless.
Only if it is found to be worth the effort. If the NSA decides to spin up their Utah datacenter for a purpose, or Russia/China/Germany/etc. decides to do the same, you'll never see it coming.
51% attacks are not possible on Ethereum. The network is far too large. If this were possible, the billions of dollars worth of assets secured on the network would quickly be stolen or become worthless.
Furthermore, not only would such an attack be immediately detected, it would necessarily be public. The miracle of such technology is that all votes can be verified by anyone without revealing anyone's vote. But any given voter can also verify that their vote was counted correctly.
It's hard to wrap your head around the potential. But understand that we are not talking about a mysql database.
Only if it is found to be worth the effort. If the NSA decides to spin up their Utah datacenter for a purpose, or Russia/China/Germany/etc. decides to do the same, you'll never see it coming.
Government and academic data centers are orders of magnitude smaller than the top three blockchains. It's not even close.