Selfish Mining: What It Is and How It Works ?

Blockchain is the revolutionary technology behind cryptocurrencies. It ensures transparency, security, and decentralization of the crypto network. As a decentralized ledger or database, it is distributed across multiple nodes in a computer network. Well-known for its immutable and secure data records, blockchain ensures the integrity of crypto transactions.

However, like every other technology, one significant vulnerability in the PoW(Proof of Work)-based blockchains, including Bitcoin and Litecoin, is the selfish mining attack. Let’s explore more about selfish mining, how it works, its risk factors, and potential risk management tips to mitigate this threat.