Proof of Stake Advantage: Why Justin Drake Thinks Ethereum Beats Bitcoin on Security

Justin Drake (Ethereum researcher): Bitcoin 51% attack easier & less costly (~$10B) than on ETH Ethereum’s PoS needs ~$44.8B for 51% stake; “social layer” adds unique defense says Drake Grant Hummer notes Bitcoin’s “security budget” decline as a risk; experts offer mixed views Ethereum community researcher, Justin Drake, suggests that executing a 51% attack on the Bitcoin network is much easier and less costly than attempting a similar attack on Ethereum. Drake explains that although a 51% attack on Bitcoin would be very expensive, estimated at around $10 billion, it is still possible. In contrast, he argues Ethereum would be much harder and more expensive because of its Proof-of-Stake (PoS) security. Drake, a key figure in the Ethereum Merge that transitioned the network to PoS, shared his views in an interview with Cointelegraph . His remarks align with a May 14 X post by Grant Hummer, co-founder of Ethereum-focused company Etherealize, who estimated the cost of a Bitcoin 51% attack at around $8 billion. Hummer further suggested that if this cost drops to $2 billion, a successful attack on Bitcoin is almost inevitable. 1. Respectfully, BTC is completely … The post Proof of Stake Advantage: Why Justin Drake Thinks Ethereum Beats Bitcoin on Security appeared first on Coin Edition .

Source: Coin Edition