Can hackers add a malicious block to a DeFi staking network?
Asked 3 years ago
I have read countless stories of DeFi platforms being hacked, losing millions, and having to offer a bounty . So I'm wondering if hackers can hack a blockchain on a DeFi staking platform if they do not own 51% of the staked crypto on the network.
Ernest Nelson
Tuesday, August 09, 2022
DeFi staking networks run on a blockchain themselves, so as long as the blockchain is safe, the blocks can't be malicious. Putting it simply, big networks like Ethereum, Bitcoin, Binance, XRP, and others are more or less "immune" to attacks. This is because they use complex consensus algorithms (both PoW and PoS) to validate the blocks. If the network is unreliable, then yes, attackers can definitely add a malicious block and destroy the network.
Please follow our Community Guidelines
Related Articles

The Best Way to Short Ethereum
Anderson Ezie
April 9, 2022

USDC vs. DAI: Which Is the Safer Stablecoin?
Filip Dimkovski
July 20, 2022

7 Best Crypto DAO Projects to Join in 2023
Filip Dimkovski
November 24, 2022
Related Posts
Thasni Maya
Top Ethereum Alternatives in 2022
Filip Dimkovski
Akropolis Explained: Features, Pros & Cons, and More
Josiah Makori
Key Insights to Maximizing Staking With Lido
Anderson Ezie
How Ethereum is Changing the Crypto Narrative
Filip Dimkovski
What Is Slippage in Crypto?
Josiah Makori
Here's Why Stablecoins Should Be FDIC Insured
Anderson Ezie
How to Invest in the Ampleforth Stablecoin
Filip Dimkovski
Perpetual Contracts in Crypto: All You Need To Know!
Can't find what you're looking for?