Bitcoin Faces 51% Attack Fears as Mining Pools Gain Dominance

Recent concerns regarding a potential 51% attack on the Bitcoin network have emerged after privacy-focused cryptocurrency Monero experienced a similar breach. Two major mining pools, Foundry USA and AntPool, now control over 50% of the network’s computing power, prompting fears that a group of miners could manipulate transactions or change blockchains. As per data from Leo Lanza on X, Foundry USA holds 33.63% hash power while AntPool boasts 17.94%, significantly exceeding the critical threshold for a potential attack. Experts warn this level of concentration poses serious risks to the Bitcoin network’s security.