Tag: blockchain security

Proof of Reserve saves Africa’s crypto Industry from fake blockchain companies

Proof of Reserve or, in layman's language, crypto audits in blockchains are now the new criteria for secure blockchain companies. Africa's crypto...

The contradictory relationship between Blockchain technology and privacy

The long-standing blockchain and privacy debate have led to numerous investors, such as zero-knowledge protocol. Immutability is called into question when addressing data...

Crypto scammers evolving with the new year

In 2017 billions of dollars were poured into blockchain networks tanks to Initial Coin Offerings. By the time 2020 rolled in and...

Cryptocurrency Security Standard, the next step for blockchain security

Blockchain Security experts created the Crypto Security Standard in 2014. Its main aim was to govern the use of digital assets and effectively...

Blockchain Security: Lessons learnt in 2022, expectations for 2023

Smart contracts are the first line of defence for any blockchain network and Web3 Ronin Network hack is the most damaging crypto hack...

Transaction Malleability: A legacy blockchain vulnerability

Transaction malleability is an attack that allows a crypto hacker to change the unique ID of Bitcoin or altcoin transaction Transaction malleability has...

The Metaverse: Security threats within the Virtual Reality world

The Metaverse allows users to create a virtual avatar representing an individual within Virtual Reality world Unfortunately, these components can also serve cyber...

Sybil attack provides a hostile takeover in blockchain

A Sybil attack is a malicious attack that targets the whole crypto network and creates duplicate accounts to pose as real users. A...

Phishing Attack and how it plagues blockchain security

Phishing attacks predate the Web3, and Web2 eras. Experts believe that the attack's first accurate documentation occurred in the mid-90s In November 2021,...

Web3 Technology attracts a multitude of cyber hackers

Upon its debut, Web3 technology applied various blockchain security measures that most cyber hackers feared. Technology is a funny thing; there's never...

NFT Security vulnerabilities plaguing the NFT Marketplace

The creation of digital NFTs has led to the evolution of blockchain security and technology. Because only one individual can claim digital assets...

Cryptojacking: Crypto hack African crypto miners should know

Cryptojacking is the unauthorized access and use of someone else's computer to mine cryptocurrency Hackers can perform crypto jacking in two basic steps;...

51% attack: The blockchain security threat that blindsides the Proof of Work mechanism

Bitcoin is built on the notion that crypto miners validate data or transactions through the Proof of Work The 51% attack is a...

Blockchain security core components: Tools to test the security of a blockchain

Security analysts pondered over this increase in insecurity, and then through diligent analysis, blockchain security was devised. Any form of cyber security...

Paxos-Mastercard partnership to promote crypto adoption among financial institutions

Mastercard intends to become the 'bridge' between Paxos, a cryptocurrency trading platform Paypal uses to offer similar services and banks, according to the...

Crypto security practices that will address the plague of human error in crypto

Crypto hardware wallets are the best way to safeguard crypto. A hardware wallet is a physical device that stores your user's private key...