You know that feeling when you’re watching a show and everything is going smooth and then out of the blue, there’s a twist that leaves you on the edge of your seat?

Well, same thing can occur with a blockchain when it’s the consensus mechanism suddenly fails.

From a 51% attack on Bitcoin Gold to the PoS failure that halted the entire network, these incidents could either break a blockchain or lead it to innovations.

In our latest article, we dive into some real-life blockchain incidents where Proof of Stake(PoS) and Proof of Work (PoW) mechanisms hit the wall and what happened next:

⚡️Bitcoin Gold - A 51% attack that left $18 million double-spent.
⚡️Ethereum Classic - A costly reorganization that made everyone rethink blockchain security.
⚡️Dymension's Mainnet Launch - Proof of Stake failure that halted the entire network.

And the big question ‘What If’ Bitcoin’s consensus mechanism were to fail? Could it happen?

Learn how these failures affect the blockchains and why it might be a good time to look at new consensus mechanisms like Humanode’s Proof of Biometric Uniqueness (PoBU)

Read the full article here: https://blog.humanode.io/when-blockchain-consensus-mechanisms-fail/