What are the key principles of blockchain security?
An example of an AI chatbot conversation about blockchain security principles and practices.
What are the key principles of blockchain security?
The key principles of blockchain security include decentralization, cryptography, consensus mechanisms, and immutability.
How does decentralization enhance security?
Decentralization reduces the risk of a single point of failure, making it harder for attackers to compromise the network.
What role does cryptography play in blockchain security?
Cryptography secures transactions and controls the creation of new blocks, ensuring data integrity and confidentiality.
Can you explain consensus mechanisms?
Consensus mechanisms are protocols that ensure all nodes in the network agree on the state of the blockchain, preventing fraud.
What are some common attacks on blockchain systems?
Common attacks include 51% attacks, Sybil attacks, and double-spending, which exploit vulnerabilities in the network.
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