Can hackers add a malicious block to a DeFi staking network?
Asked 2 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.
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.
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