How is an institition different from a few powerful players that control >50% of the network? 🤔
I can’t say I understand completely how cryptocurrency, works, I wasn’t interested in the subject until recently but this is what they say: https://www.coindesk.com/learn/what-is-a-51-attack/
A 51% attack, however, is theoretically limited in the amount of disruption it can cause. While the attacker could trigger the double-spending problem, they cannot reverse others’ transactions on the network or prevent users from broadcasting their transactions to the network. Additionally, a 51% attack is incapable of creating new assets, stealing assets from unrelated parties or altering the functionality of block rewards.
This is not verified by me personally and and the source is a crypto exchange.