Common Attacks
We list security that are essential for a permission-less consensus algorithm designed for a decentralized ledger system
In PoS, you would need a majority of all minted coins to conduct such an attack, In PoW, you would need a majority of mining power to conduct such an attack,
With PoW, a block miner can “choose” not to mine a block containing certain addresses, thereby censoring that address from the network.
The pBFT mechanisms are susceptible to Sybil attacks, where one entity(party) controls many identities. As the number of nodes in the network increase, sybil attacks become increasingly difficult to carry out. But as pBFT mechanisms have scalability issues too, the pBFT mechanism is used in combination with other mechanism(s). https://www.geeksforgeeks.org/practical-byzantine-fault-tolerancepbft/
Indicates the threshold of byzantine nodes that can be tolerated by the consensus algorithm.
Specifies if the consensus algorithm implements an anti-sybil mechanism. For example, the consensus algorithm should have a mechanism to prevent the generation of sybil identities in a permission-less environment.
Indicates if the consensus protocol implements an identity system and cryptographic signatures.
Specifies if the consensus algorithm implements a denial of service defense mechanism. For instance, some leader based consensus algorithms are susceptible to DoS attacks.
Indicates if the consensus algorithm is censorship resistant. For example, it precludes external entities from trying to censor transactions.
Last modified 2yr ago