Home DDoS: A Missile Of Mass Destruction In Blockchain

DDoS: A Missile Of Mass Destruction In Blockchain

Share
Share

DDoS: A Missile Of Mass Destruction In Blockchain

By Sandeep Kasalkar

A DDoS assault, short for “distributed denial-of-service,” is a malicious effort to stop a server, service, or network’s regular activity by saturating the target or its surrounding infrastructure with a torrent of Internet traffic.

DDoS Attacks on Blockchain

The blockchain is a distributed network and has safeguards in place to ensure that transactions can continue even if some nodes go offline for a period of time. Blockchain nodes are network stakeholders, and their devices are authorized to keep track of the distributed ledger and serve as communication hubs for various network tasks. A blockchain node’s primary job is to confirm the legality of each subsequent batch of network transactions, known as blocks.

Any node can fail due to a DDoS attack or other event without taking over the entire network.

Not all blockchain networks are created equal, and the robustness of any given blockchain network is highly dependent on the number of nodes & diversity. It is impossible to list every method by which a blockchain network can be targeted for a DDoS attack.

How is a DDoS Attack executed

DDoS attacks can be carried out in two ways:

1. Using transaction flooding:

Transaction flooding is one of the main DDoS attacks in blockchain technology. A hacker may jeopardise the accessibility for authorised (original) users due to the flood of spam and fake transactions, among other unpleasant effects on the network.

There is a definite, predetermined capacity for blockchains. This is because they consistently produce new blocks with a set maximum size. Any transaction that isn’t included in the current block will be kept in the Mempool and added in the following block. A mempool is an organized queue where transactions are stored and sorted before being added to a newly created block.

Any malevolent attacker can cause permitted transactions to spend a lot of time in the Mempool by sending many transactions to the blockchain network, filling the entire block with fake or spam transactions. Therefore, if genuine transactions aren’t included in blocks, they won’t be added to the ledger, which will prevent Blockchain from functioning properly.

2. Smart contract-based attacks

A smart contract may be the target of a DDoS assault in several different ways, including:

  • If an attacker submits a transaction to a smart contract that requires a lot of computation, it really stops further transactions from being added to the current block.
  • Another strategy is to design a parasitic contract that automatically consumes all the gas, making the service unavailable to other users.

Share

Latest News

$3 Trillion Stablecoin Market Could Lower Interest Rates | 3.0 TV

$3 Trillion Stablecoin Market Could Lower Interest Rates

“As stablecoins climb, rates may fall — a trillion-dollar shakeup is calling all!” Stephen Miran, the governor of the Fed, cautions that...

Zcash ($ZEC) Reaches $600 Mark as Privacy Coin Rally Gains Momentum

Zcash ($ZEC) Reaches $600 Mark as Privacy Coin Rally Gains Momentum

Will Zcash (ZEC) headline the next privacy coin boom? As Zcash rises above $630 and hits its highest price since 2018, it...

Ripple’s XRP Gains ETF Boost: Bitwise, 21Shares and Franklin Templeton Listed on DTCC

Ripple’s XRP Gains ETF Boost: Bitwise, 21Shares and Franklin Templeton Listed on DTCC

Is the Wall Street launch of Ripple’s XRP coming soon? Major firms including Bitwise, 21Shares, Franklin Templeton, CoinShares, and Canary Capital, have...

Stablecoins Revolutionizing Currency, Says Finance Minister Nirmala Sitharaman

“Money evolves, the future calls, Stablecoins rise, breaking old walls.” How are innovations such as stablecoins changing the world financial scene, according...

Latest Blogs

Crypto Security & Best Practices: How To Keep Your Crypto Safe: Everything You Should Know

Crypto Security and Its Importance Digital transformation has created financial opportunities through cryptocurrencies, yet these digital assets present significant security risks to...

AI + Crypto Agents — The Next Multi-Trillion Market?

Artificial Intelligence and crypto are converging, and the world isn’t ready for what’s to come next. Twitter, YouTube, and virtually everyone on...

Crypto SIPs: A Guide to Crypto Investment

What is a Crypto SIP? Systematic Investment Plans (SIPs) in Cryptocurrency The investment environment with its extreme volatility has led to changes...

What is a Crypto Airdrop?

What Does Airdrop in Crypto Mean? Definition and Purpose of Crypto Airdrops Within the quickly changing cryptocurrency arena, novel approaches have surfaced,...

Related Articles

Crypto Security & Best Practices: How To Keep Your Crypto Safe: Everything You Should Know

Crypto Security and Its Importance Digital transformation has created financial opportunities through...

AI + Crypto Agents — The Next Multi-Trillion Market?

Artificial Intelligence and crypto are converging, and the world isn’t ready for...

Crypto SIPs: A Guide to Crypto Investment

What is a Crypto SIP? Systematic Investment Plans (SIPs) in Cryptocurrency The...

What is a Crypto Airdrop?

What Does Airdrop in Crypto Mean? Definition and Purpose of Crypto Airdrops...