51% Attack

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    Categories: Blockchain

    When a group of miners end up controlling over 50% of the blockchain network’s mining hashrate and can then launch an attack on the blockchain that could reverse transactions and therefore double-spend coins, as well as halt new transaction confirmations.

    Synonyms:
    51 Percent Attack
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    Justin Chan
    Dr Chan founded DataDrivenInvestor.com (DDI) and is the CEO for JCube Capital Partners. Specialized in strategy development, alternative data analytics and behavioral finance, Dr Chan also has extensive experience in investment management and financial services industries. Prior to forming JCube and DDI, Dr Chan served in the capacity of strategy development in multiple hedge funds, fintech companies, and also served as a senior quantitative strategist at GMO. A published author at professional journals in finance, Dr. Chan holds a Ph.D. degree in finance from UCLA.