Can You Earn on 51% Attacks? | Blockchain Central

The video explains 51% attacks on blockchains, focusing on how they work, their challenges, and misconceptions. It covers the concept of double spending, the role of confirmations, and the differences between proof of work and proof of stake currencies. The video concludes with a disclaimer about the content not being financial advice.

Why do miners accept the longest chain as the truth in blockchain?

What is the core idea behind a 51% attack in blockchain technology?

Explain how double spending can be exploited in a blockchain.

Discuss the challenges and costs associated with launching a 51% attack.

What are confirmations in the context of blockchain transactions?