Blockchain is a revolutionary technology, yet its security is often over-exaggerated. While its design does help protect against a variety of different security threats, the technology is vulnerable to attack. In this post, we discuss three of the fundamental security assumptions of blockchain and how they are violated. (Mostly) Benign Participants Blockchain technology is designed to create a secure, decentralized, and distributed record of the history of the blockchain system. The way that this is accomplished is by relying on the network of blockchain participants to (mostly) act in their own best interests and in that of the system as a whole. To get in depth knowledge on blockchain , enrich your skills on Blockchain online training professionals Blockchain wants to make sure that users participate in block creation, so that the system remains decentralized. It does this by providing incentives for creating these blocks in the form of block reward...
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