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<p class="is-style-lead">UltraSoundMoney data on May 20 shows that two million ethereum (<a href="https://crypto.news/price/ethereum/">ETH</a>), worth roughly $3.6b, is ready to be staked to further beef up the Ethereum network security.</p>



<h2 class="wp-block-heading" id="enough-eth-to-8220-51-attack-8221-bitcoin">Enough ETH to &#8220;51% attack&#8221; Bitcoin</h2>



<p>This sizable reserve has inspired fascinating hypotheses, including the prospect of using this ethereum stockpile to carry out a 51% assault on the Bitcoin network. </p>



<p>Hypotheses have also centered on the likelihood of the reserve being used to purchase more bitcoin (BTC).</p>



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<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">2M ETH is queueing to secure Ethereum<br><br>that’s $3.6B, enough to 51% attack Bitcoin <a href="https://t.co/vpKPgXJhZN" target="_blank">pic.twitter.com/vpKPgXJhZN</a></p>&mdash; ultra sound money 🦇🔊 (@ultrasoundmoney) <a href="https://twitter.com/ultrasoundmoney/status/1659949633219469316?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 20, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>Because <a href="https://crypto.news/learn/a-complete-guide-to-opening-an-ethereum-wallet/">ethereum</a> and bitcoin use separate blockchains and different consensus procedures, it is not feasible for the two networks to interact directly, making the attack theoretically impossible. </p>



<p>However, the monetary value represented by the accumulated ethereum may be used to purchase the required quantity of bitcoin to carry out such an assault possibly.</p>



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<h2 class="wp-block-heading" id="some-light-into-what-is-a-51-attack">Some light into what is a 51% attack</h2>



<p>To offer some background, a 51% assault is the acquisition by a person or organization of control over 50% of a blockchain network&#8217;s mining power or hash rate. Out of this, an attacker could modify transactions and participate in double spending, undermining the network&#8217;s trustworthiness and dependability. </p>



<p>Even if this kind of attack may be carried out against a blockchain based on proof-of-work, doing it in practice is more complex. The acquisition of a considerable volume of bitcoin to acquire majority control would cause a big spike in the price of bitcoin owing to the increased demand. </p>



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<p>This price increase would need even more resources, making it more difficult to assault in its current form. In addition, the technology behind <a href="https://crypto.news/a-z-guide-on-how-the-blockchain-can-revolutionize-the-fashion-industry/">blockchain</a> is based on the ideals of openness, security, and trust. </p>



<p>Therefore, an assault of 51% of the network&#8217;s total resources goes directly against these values. It would significantly negatively impact the network&#8217;s reputation and, as a result, its total worth.</p>



<p>Based on this, despite the huge ETH stockpile ready to be staked on the Ethereum proof-of-stake Beacon Chain, the possibility of using it to launch a hypothetical 51% assault on Bitcoin remains completely speculative and is very unlikely.</p>



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Over $3.6b of ethereum ready for Beacon Chain staking

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