What is a 51% Attack in Cryptocurrency? Explained W/ Bitcoin & ZenCash Double Spend Hack

What is a 51% Attack in Cryptocurrency? Explained W/ Bitcoin & ZenCash Double Spend Hack

What is a 51% attack and why is it only possible with Proof-Of-Work cryptocurrencies like Bitcoin and ZenCash? Lets review how all PoW coins can be the victim of a double spend hack and how much money it would take to attempt this hack which just generated over a half of million dollars for the attack.

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Mining Rig parts on Amazon – http://geni.us/PTwg
Rx570 – http://geni.us/olyaM 1080 TI – http://geni.us/1Xwrib

ZenCash Statement on Double Spend Attack – http://bit.ly/2yfeTsC
Coinmonks explain Bitcoin 51% Attack – http://bit.ly/2t0i5Dx
Bitcoin Gold 51% attack / double spend hack – http://bit.ly/2K1oCY8
Palm Beach Research “ZenCash out of thin air” – http://bit.ly/2JV3DGu
ZenCash livestream on 51% attack + solutions – http://bit.ly/2t3Bu6w
51% attack explained w/ longest chain ETH – http://bit.ly/2ld9c50
ZenCash Zen subreddit post on 51% attack – http://bit.ly/2M0rjXg
51% attack cost & price estimator for coins – http://bit.ly/2HYxcSl

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BTC – 12PsgKuhcJrEqJbD3oMN7rcEcuyqyqRznL
ETH – 0xDEe6A2ae293F8C58Ef71649658344BbF382b6e70
ZEC – t1ZoVF5t75NahSAfuwpcyHA8uzkPyocXpJZ
ZEN – znb1iNFP6VctF2AhXLXtMsSjP7emvYDmeXR
Loki – LScbLXmws9RA4SXVz5GhGm3N2YfKShw6MQGeyAjYc3bE5nYHUw3UUWxgKGN8kCnWQkfZEGN1PBxX7Zky3aVJSpGxTZTuDLB
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