Bitcoin Resilience Study Reveals Targeted Attack Risk
Summary
Research from the Cambridge Centre for Alternative Finance analyzed Bitcoin's resilience to submarine cable failures, concluding that a random failure of 72% to 92% of inter-country submarine cables would be required before over 10% of network nodes disconnect. However, the study highlighted that targeted attacks on specific subsea cable chokepoints are significantly more effective, with a critical failure threshold between 5% and 20% of cables. The research also noted that the adoption of Tor routing increases Bitcoin network resilience because its relay infrastructure is concentrated in well-connected European countries, making 64% of Bitcoin nodes effectively invisible. Historically, 87% of verified cable fault events caused less than a 5% node impact, and there was essentially zero correlation between cable failures and Bitcoin price movements.
(Source:Cointelegraph)