Bitcoin Security Network Consensus Flaws
Bitcoin is built on consensus. Thousands of nodes agree on the state of the ledger. They agree on the rules. They reject blocks that break the rules. This distributed agreement is what makes Bitcoin resistant to censorship and inflation. But consensus is a fragile mechanism. It requires economic incentives to align perfectly. When those incentives break, the network breaks. Let's examine the catastrophic failure modes of network consensus.
The most famous threat is the 51% attack. If a single entity controls…