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Advances in Blockchain Security

In: Handbook on Blockchain

Author

Listed:
  • Truc Nguyen

    (University of Florida)

  • Tre’ R. Jeter

    (University of Florida)

  • My T. Thai

    (University of Florida)

Abstract

Blockchain, the technology that underpins the great success of Bitcoin and various other cryptocurrencies, has incredibly emerged as a trending research topic in both academic institutes and industry associations in recent years. With great potential and benefits, the blockchain technology can stimulate a new decentralized platform for various applications such that the possibility of censorship, monopoly, and single point of failures can be eliminated. However, the blockchain is still in its early stages and not yet ready to realize that vision, since there are many security vulnerabilities that can be exploited to obstruct blockchain systems. In this chapter, we present fundamental challenges and recent advancements in the blockchain technology, especially in terms of security. In particular, we investigate the security threats of blockchain, effectively capturing the recent attacks, and review some security enhancement solutions for blockchain.

Suggested Citation

  • Truc Nguyen & Tre’ R. Jeter & My T. Thai, 2022. "Advances in Blockchain Security," Springer Optimization and Its Applications, in: Duc A. Tran & My T. Thai & Bhaskar Krishnamachari (ed.), Handbook on Blockchain, pages 363-387, Springer.
    • Handle: RePEc:spr:spochp:978-3-031-07535-3_11
    DOI: 10.1007/978-3-031-07535-3_11
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