Ethereum Merge architect Justin Drake told Cointelegraph that it would be cheaper to launch a 51% attack on Bitcoin than on Ethereum.
Drake said it would be “much cheaper to 51% attack Bitcoin” and that it would cost “on the order of $10 billion.”
Drake led work on Ethereum’s proof-of-stake (PoS) implementation and was a principal architect in the Merge (the full PoS transition event). His remarks echo a May 14 X post by Grant Hummer, the co-founder of Ethereum-focused marketing and product company Etherealize.
In the post, Hummer said that Bitcoin “is completely screwed because of its security budget.”
Hummer claimed it would cost $8 billion to run a successful 51% attack, and said a successful attack is “virtually certain” when the cost slips to $2 billion. A 51% attack occurs when a single entity or