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Question 42 - CBSA discussion

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What are some likely repercussions that could occur as a result of a 51% attack to the Bitcoin network? (Select three.)

A.
Unplanned Fork
Answers
A.
Unplanned Fork
B.
Double Spending
Answers
B.
Double Spending
C.
Cancelling Transactions
Answers
C.
Cancelling Transactions
D.
Planned Fork
Answers
D.
Planned Fork
E.
Selfless Mining
Answers
E.
Selfless Mining
Suggested answer: A, B, C

Explanation:

The 4 main attacks that can happen directly as a result of the 51% attack are: Selfish mining. Cancelling transactions. Double Spending. Random forks.

Reference: https://blockgeeks.com/guides/hypothetical-attacks-on-cryptocurrencies/

asked 16/09/2024
Justin NJOCK
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