What are the common vulnerabilities in blockchain technology?
An example of an AI chatbot conversation about blockchain vulnerabilities.
What are the common vulnerabilities in blockchain technology?
Common vulnerabilities in blockchain include 51% attacks, smart contract bugs, and inadequate security measures.
Can you explain what a 51% attack is?
A 51% attack occurs when a single entity controls more than half of the network's mining power, allowing them to manipulate transactions.
How can developers prevent smart contract vulnerabilities?
Developers can prevent vulnerabilities by conducting thorough audits, using formal verification, and following best coding practices.
What are some real-world examples of blockchain vulnerabilities?
Real-world examples include the DAO hack in 2016 and the Parity wallet bug, which led to significant financial losses.
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