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@ abim24
2024-11-30 05:08:12
Securing your crypto coin
Have you ever wonder how some one just lost all his crypto wealth?
But most of the times we are to just told to secure our seed phrase and private key. Which is one of the major tool that is being use by the cyber threat but that is not all.
Let's dive in for additional knowledge
1 what is Blockchain security?
Ans: Blockchain security has to do with the combination of cyber security principle, tools and best practices in order to mitigate risk and malicious attack from unauthorized access to Blockchain network .
2 what are Blockchain security role?
The Blockchain security role include
1 manage key
2 privatize data
3 secure smart contract
4 Endorse transaction
3 who are those responsible for securing Blockchain network?
1 validators
2 node operators
3 developer
3 user
4 some security breaches with examples include
1 Ecosystem vulnerability
-sybil attack
-centralized risk
2 Attack on smart contract
- layer 2 vulnerability
-protocol hacks
3 protocol on top Blockchain
4 Attack on popular infrastructure like wallet and user
- software attack
- user error.
Reference: content writer