Video - The Day GHash.io Almost Took Over Bitcoin: A Crypto Nightmare

Did you know that back in 2014, the crypto world nearly had a heart attack, and not from the usual market roller coaster? Yep, a Bitcoin mining pool called GHash.io, or GigaHash, managed to scare everyone by gobbling up 51% of Bitcoin's total hashing power! In the Bitcoin universe, this is a big no-no because it means they could potentially control transactions, double-spend coins, and block other transactions—basically, becoming the boss of Bitcoin transactions, which is kind of against the whole point of decentralization. Although GHash.io pinky-promised not to abuse their power, the Bitcoin community was not having it. Trust issues much? The result? Many miners jumped ship, and GHash.io faced a major DDoS attack, sending them back to the minor leagues. So, next time you think about dominating the world, maybe just stick to board games, huh? What do you think about such power in one group's hands? Drop your thoughts below!