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Blockchain security is primarily defined by the type of blockchain network being used, as these networks can differ in who can participate and who has access to the data. They are typically labeled as either public or private, which describes who is allowed to participate, and permissioned or permissionless, which describes how participants gain access to the network.
In this video, we’ll be discussing various blockchain security issues and challenges alongside the use cases where some blockchain vulnerabilities have caused a serious business impact. At the end of this video, you’ll have a fair understanding how blockchain security functions and what are various security issues in blockchain technology.
Video Walkthrough
0:00 Introduction
0:19 Types of Blockchain & Security Implications
1:39 Is Blockchain Really Secure?
2:26 Some Blockchain Security Incidents & What Caused Them
4:10 Is Blockchain Safe: The Verdict
4:25 Blockchain Security Issues & Vulnerabilities
11:21 Conclusion: Security in Blockchain Technology
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Reference links:
Understanding The DAO Attack
Bitcoin worth $72 million stolen from Bitfinex exchange in Hong Kong
South Korea’s Bithumb loses $32 million in digital money heist
3 ISPs can see 60% of all the world’s Bitcoin traffic
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