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You're reading from  Foundations of Blockchain

Product typeBook
Published inJan 2019
PublisherPackt
ISBN-139781789139396
Edition1st Edition
Concepts
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Author (1)
Koshik Raj
Koshik Raj
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Koshik Raj

Koshik Raj is an information security enthusiast who holds a master's degree in computer science and information security. He has a background of working with RSA, a network security company. He has also worked as a senior developer in CoWrks, Bengaluru. Koshik has been studying blockchain technology since he was introduced to Bitcoin while pursuing his master's. He is currently advising an educational start-up looking to implement blockchain technology in the education space. He is also setting up a blockchain incubation center for students and researchers in Bengaluru to aid mentorship and networking, and even the launching and marketing of their ideas.
Read more about Koshik Raj

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Attacks on the blockchain

Every application is vulnerable to an attack of some kind due to security issues. But the security issues of a blockchain platform are very different from those of a traditional application due to its security model. Most of the attacks that are performed on a centralized system are not applicable to a blockchain-based application. The decentralization model of a blockchain application makes it difficult to find vulnerabilities. Unlike traditional databases, blockchain data is created by achieving consensus among the network's nodes, so the only way to compromise the blockchain network is by finding vulnerabilities in the consensus mechanism.

There are a number of ways to prevent a network from reaching a valid consensus. However, attacks will not be successful on all the blockchain platforms. A resilient network such as Bitcoin will not be vulnerable...

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Foundations of Blockchain
Published in: Jan 2019Publisher: PacktISBN-13: 9781789139396

Author (1)

author image
Koshik Raj

Koshik Raj is an information security enthusiast who holds a master's degree in computer science and information security. He has a background of working with RSA, a network security company. He has also worked as a senior developer in CoWrks, Bengaluru. Koshik has been studying blockchain technology since he was introduced to Bitcoin while pursuing his master's. He is currently advising an educational start-up looking to implement blockchain technology in the education space. He is also setting up a blockchain incubation center for students and researchers in Bengaluru to aid mentorship and networking, and even the launching and marketing of their ideas.
Read more about Koshik Raj