Buterin not worried about 51% ETH 2.0 attacks

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Updated September 21, 2022 | Published September 3, 2020

2 mins read

And according to Buterin a 51% attack on Ethereum 2.0 would not be ‘fatal,’ as has been suggested by observers. The fears have been whipped up by industry insiders who have observed the growth of Yearn. Finance’s yETH vault, which has already amassed 137,000 ETH of its own.

The rationale goes that should yETH end up controlling enough Ether, it could very well attack Ethereum 2.0. Yet, Buterin has reminded critics that Ethereum 2.0 is a Proof-of-Stake (PoS) network and as such, a malicious party may only attack once.

https://twitter.com/VitalikButerin/status/1301298086027821056

He went into some detail to compare PoS and PoW concepts and said that with the former there was “no possible way to delete the attacker’s hardware without deleting everyone else’s hardware.”

With yETH currently the sixth most popular DeFi project with a net valuation of $876 million in locked currency according to DeFi Pulse, the Ethereum project would seem to have a few things to worry about, but Buterin’s PoS faith seems to cover this.

Expediting the adoption of Ethereum 2.0 is paramount at this point, many see, as the network has a more advanced infrastructure that would allow it to stave off malicious attacks.

Besides, with gas prices posing an issue, consumers who opt for Ethereum to participate in gaming portals could really benefit from a more streamlined overall offer. There are several leading gaming portals that offer ETH gaming solutions today, including Bitcasino.io, FortuneJack, and 1xBit.

While CasinoFair has also taken the decision to bring gas fees in house, cutting significant costs to the player.

Looking for your next crypto casino? Check out: Bitcasino or FortuneJack.

Written by Tudor

Works as a developer and helps keeps the digital cogs turning. Leave them alone, they're busy.
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