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Raising the Security Bar? Dash Claims a 51% Attack Is Not Enough

Published 07/30/2020, 09:15 AM
Updated 07/30/2020, 11:00 AM
Raising the Security Bar? Dash Claims a 51% Attack Is Not Enough
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Dash recently claimed it had been the world’s safest cryptocurrency for a year due to its innovative technology called ChainLocks that allegedly makes a 51% attack nearly impossible. Fully implemented in early July 2019, ChainLocks has not yet seen any protocol capable of matching it — according to the Dash Core team.

Well-known Bitcoin (BTC) educator Andreas Antonopoulos recently suggested that with the Bitcoin blockchain, a 10-minute 51% attack would cost around $1 billion — something that sounds unrealistic to achieve. But what makes Dash’s ChainLocks blockchain supposedly more secure, and what is the importance of this technology for the industry as a whole?

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