Two Miners Purportedly Execute 51% Attack on Bitcoin Cash Blockchain

Cointelegraph

Published May 24, 2019 07:10PM ET

Updated May 24, 2019 07:22PM ET

Two Miners Purportedly Execute 51% Attack on Bitcoin Cash Blockchain

Two miners have reportedly executed a 51% attack on the bitcoin cash (BCH) blockchain, according to tweets by Cryptoconomy Podcast host Guy Swann on May 24.

A 51% attack occurs when someone controls the majority of mining power on a Proof-of-Work blockchain network. This means that the majority block verifier can prevent other users from mining and reverse transactions.

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