Blockchain is a distributed ledger that secures data using cryptographic techniques. Thus, blockchain is often known for its decentralization, reliability, immutability, and security. All cryptocurrencies, including popular ones like Bitcoin, Ethereum Classic, and Litecoin, are backed up by blockchain technology.

However, like any other technology, blockchain is also prone to risks and threats. Hackers and phishers find ways to gain unauthorized access to steal data and make money.

Let’s dive deep into the block-withholding attack and its impact on miners in detail.

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