A Bitcoin 51% attack would be futile for attackers as it would require “significant expenditure” and “little financial returns,” according to a new study, which concluded that Bitcoin is secure. Bitcoin 51% Attack Requires ‘Significant Expenditure’ Professor Saravanan Vijayakumaran, an Associate Professor of the Department of Electrical Engineering at the Indian Institute of Technology (IIT) Bombay has published a new research paper titled The Security of the Bitcoin Protocol. The study, sponsored by Zebpay, examined the securityRead MoreThe post Bitcoin 51% Attack is Unrealistic, New Study Concludes appeared first on Bitcoinist.com.
