The report points to a handful of, “unintended centralities,” it argues could concentrate blockchain power in the hands of a few select individuals or groups.
DARPA reportedly engaged Trail of Bits over the course of the past year and asked the firm to examine the fundamental properties in blockchains and potential security risks associated with them. The timing of the report’s release comes amid a historicNearly two-thirds of all Bitcoin traffic travelled through just three ISPs over at least the past five years, according to the report. Additionally, around half of all Bitcoin, traffic was reportedly routed through Tor.
“Let’s say somebody with great top-down control of the internet in their country starts to interfere with that network,” Guido said. “By slowing down or stopping legitimate blockchain traffic, an attacker could become the ‘majority’ voice in the consensus of what’s written to a blockchain at that moment.”Then there’s the issue of outdated software.
running an old version of a Bitcoin core client that’s vulnerable to attacks. Trail of Bits says “overt software changes” can actually modify the state of a blockchain which in turn makes the developers of blockchain software a centralized point of trust in the system uniquely vulnerable to attacks. “This choice is not simply about the convenience of delegating management to a third party; it is about whether one trusts a centralized third party versus one’s own security hygiene and the developers of one’s non-custodial wallet,” the authors write.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Bancor DEX pauses impermanent loss protection amid market instabilityThe Bancor team noted large centralized entities have recently sold large amounts of Bancor tokens.
Les mer »
Bancor DEX pauses impermanent loss protection amid market instabilityThe Bancor team noted large centralized entities have recently sold large amounts of Bancor tokens.
Les mer »
Baby boy found safe with mother after reported missing in East Harlem carjackingA 1-year-old boy who was reported missing by his father after an alleged carjacking in East Harlem, was found safe and in the care of his mother, police said.
Les mer »
2022 NBA Draft: Will Bulls Take Future Focus Or Win-Now Approach?The Bulls have multiple paths to choose from in the 2022 NBA Draft, but ultimately, attempting to find a young, cost-controlled role player with the 18th pick may be most prudent.
Les mer »
CBS3 Pet Project: Cat Bites Can Become Big Problem, Article Says Middle-Aged Women Most At RiskCBS3 PetProject: This week animal advocate Carol Erickson explains why cat bites can become a big problem and who is the most vulnerable 🐱 WATCH⬇
Les mer »