Blockchain Security Issues in 2020
Blockchain is a new application model of computer technology such as distributed data storage, point-to-point transmission, consensus mechanisms, and encryption algorithms. Blockchain is an important concept of Bitcoin and essentially a decentralized database. At the same time, as the underlying technology of Bitcoin, it is a series of data blocks associated with each other using cryptographic methods. The data block contains information about a batch of Bitcoin network transactions, which is used to verify the validity of its information (anti-counterfeiting) and generate the next block. Blockchains are helpful, however, this technology can be detrimental to your business because of its own specific set of security issues. To get in depth knowledge on Blockchain, enrich your skills on blockchain online training 1. 51% Attacks: Transactions can be reversed and caused double-spends by gaining majority control of a blockchain’s hashrate via malicious entities. Some...