51% attack work on crypto currency
To execute a 51% attack, the attacker needs to have significant computational power, which is usually achieved by owning or renting a large number of mining rigs.
A 51% attack can result in a loss of confidence in the cryptocurrency, leading to a drop in its value.
While it is theoretically possible to execute a 51% attack on any proof-of-work blockchain, the attack becomes more difficult as the network grows and becomes more decentralized.
The Bitcoin network, for example, has so much computational power that it would require an astronomical amount of resources to carry out a 51% attack.
However, smaller cryptocurrencies with fewer miners and less computational power are more vulnerable to 51% attacks.