What are some real-world examples of blockchain attacks?
An example of an AI chatbot conversation about real-world blockchain attack incidents.
What are some real-world examples of blockchain attacks?
There have been several notable blockchain attacks. For instance, the DAO hack in 2016 resulted in a loss of $60 million worth of Ether.
Can you tell me more about the DAO hack?
Sure! The DAO hack exploited a vulnerability in the smart contract code, allowing the attacker to drain funds from the DAO's wallet.
What other attacks have occurred?
Another example is the 51% attack on Bitcoin Gold in 2018, where attackers gained control of the network and double-spent coins.
How can blockchain networks prevent these attacks?
Preventive measures include improving code audits, implementing better consensus mechanisms, and increasing network decentralization.
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