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About HNY

Hive Investments

Honey (HNY) is a cryptocurrency launched in 2022. HNY has a current supply of 1.00M with 0 in circulation. The last known price of HNY is 0 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at http://hive.investments/.

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HNY Price Statistics
HNY’s Price Today
24h Price Change
-$00.00%
24h Volume
$00.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#7223
HNY Market Cap
Market Cap
$0
Fully Diluted Market Cap
$135.73
HNY Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
HNY Supply
Circulating Supply
0
Total Supply
1.00M
Max Supply
1.00M
Updated Jul 17, 2024 9:21 am
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HNY
Honey
$0
$0(-0.00%)
Mkt Cap $0
There's nothing here for now
Ethereum's Security Compared to Bitcoin: Insights from Justin Drake
Ethereum's Security Compared to Bitcoin: Insights from Justin Drake
According to Cointelegraph, Ethereum Merge architect Justin Drake has expressed concerns about the relative security of Bitcoin compared to Ethereum. Drake, who played a pivotal role in Ethereum's transition to a proof-of-stake (PoS) system, suggested that launching a 51% attack on Bitcoin would be more cost-effective than on Ethereum. He estimated that such an attack on Bitcoin could cost around $10 billion. This perspective aligns with a previous statement by Grant Hummer, co-founder of Etherealize, who claimed that Bitcoin's security budget is insufficient. Hummer estimated that a successful 51% attack on Bitcoin could cost $8 billion, potentially decreasing to $2 billion in the future. A 51% attack occurs when an entity gains control over more than half of a blockchain network's mining or staking power, allowing them to manipulate the network. Drake elaborated on the challenges of executing a 51% attack on Ethereum, noting that achieving 100% control would require more than half of the staked Ether. At the time of his comments, there were over 34 million staked Ether, valued at nearly $89.6 billion. This means that acquiring the necessary stake would cost approximately $44.8 billion. Given Ethereum's market cap of $316 billion and a 24-hour trading volume of $25 billion, the financial requirements for such an attack are substantial. Moreover, any attempt to accumulate this amount of Ether would likely drive up its price, further increasing the cost of the attack. Matan Sitbon, CEO of Lightblocks, highlighted Ethereum's additional security measures, emphasizing the role of the community's social and economic coordination mechanisms. Drake also pointed out that Ethereum's PoS system allows the community to identify and penalize attackers through social consensus, a feature not available in Bitcoin's proof-of-work (PoW) system. This social layer, comprising the network's human participants, can decide on software changes to counteract attacks. Pavel Yashin from P2P.org mentioned that if centralization is detected, the community could implement a new fork, rendering the compromised chain obsolete. Hassan Khan, CEO of Ordeez, added that while a 51% attack is theoretically possible, practical barriers make it highly improbable for both Bitcoin and Ethereum. He noted that Bitcoin's PoW system requires significant computing power and energy, while Ethereum's PoS introduces economic and governance challenges that deter such attacks.
May 16, 2025 9:33 pm

Frequently Asked Questions

  • What is the all-time high price of Honey (HNY)?

    The all-time high of HNY was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Honey (HNY) is 0. The current price of HNY is down 0% from its all-time high.

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  • How much Honey (HNY) is there in circulation?

    As of , there is currently 0 HNY in circulation. HNY has a maximum supply of 1.00M.

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  • What is the market cap of Honey (HNY)?

    The current market cap of HNY is 0. It is calculated by multiplying the current supply of HNY by its real-time market price of 0.

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  • What is the all-time low price of Honey (HNY)?

    The all-time low of HNY was 0 , from which the coin is now up 0%. The all-time low price of Honey (HNY) is 0. The current price of HNY is up 0% from its all-time low.

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  • Is Honey (HNY) a good investment?

    Honey (HNY) has a market capitalization of $0 and is ranked #7223 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Honey (HNY) price trends and patterns to find the best time to purchase HNY.

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