Over the past year, one of the most widely held beliefs that we held about blockchain has been turned on its head. Since blockchain was first released with bitcoin back in 2008, it was widely assumed that the network was unassailable. This claim went unchallenged and untested for over a decade. However, we have since discovered that blockchain can be hacked like any other network. Machine learning is going to be essential to help ethical hackers improve the security of this technology.
Cracks in the Security of Blockchain Are Unveiled
MIT Technology Review author Mike Orcutt published an article about the shortcomings of blockchain security earlier this year. In his article titled “Once hailed as unhackable, blockchains are now getting hacked”, Orcutt pointed out that a growing number of security flaws were being discovered. Two major cryptocurrency exchanges have been hacked over the past year, as cybercriminals found vulnerabilities in the blockchain.
Cryptocurrency hacking attempts are not new. However, in the past these security breaches were exclusively reported by individual users and third-party organizations that have their personal machines hacked. The idea that blockchain itself could be breached was unfathomable. A guide about blockchain cryptojacking shows this isn’t the case.
Ethical hackers are still …Read More on DatafloqOver the past year, one of the most widely held beliefs that we held about blockchain has been turned on its head. Since blockchain was first released with bitcoin back in 2008, it was widely assumed that the network was unassailable. This claim went unchallenged and untested for over a decade. However, we have since discovered that blockchain can be hacked like any other network. Machine learning is going to be essential to help ethical hackers improve the security of this technology.
Cracks in the Security of Blockchain Are Unveiled
MIT Technology Review author Mike Orcutt published an article about the shortcomings of blockchain security earlier this year. In his article titled “Once hailed as unhackable, blockchains are now getting hacked”, Orcutt pointed out that a growing number of security flaws were being discovered. Two major cryptocurrency exchanges have been hacked over the past year, as cybercriminals found vulnerabilities in the blockchain.
Cryptocurrency hacking attempts are not new. However, in the past these security breaches were exclusively reported by individual users and third-party organizations that have their personal machines hacked. The idea that blockchain itself could be breached was unfathomable. A guide about blockchain cryptojacking shows this isn’t the case.
Ethical hackers are still …Read More on DatafloqRead More
Leave a Reply