What are the limitations of blockchain security?
An example of an AI chatbot conversation about blockchain security limitations.
What are the limitations of blockchain security?
Blockchain security is robust, but it has limitations such as scalability issues, potential for 51% attacks, and smart contract vulnerabilities.
Can you explain what a 51% attack is?
A 51% attack occurs when a single entity gains control of more than half of the network's mining power, allowing them to manipulate transactions.
What are smart contract vulnerabilities?
Smart contract vulnerabilities can include coding errors, lack of proper testing, and unforeseen interactions with other contracts, leading to exploits.
How can these limitations be mitigated?
Mitigating these limitations involves implementing better consensus mechanisms, thorough testing of smart contracts, and regular security audits.
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