MIT University research: Blockchain is Hacking!

Abstract

According to an article published by the MIT Technology Magazine on February 19th, Blackstone Technology is exposed to vulnerability despite public perception as a safe technology.

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According to an article published by the MIT Technology Magazine on February 19th, Blackstone Technology is exposed to vulnerability despite public perception as a safe technology.

The MIT technology magazine is entirely owned by the Massachusetts Institute of Technology (MIT). In a recent article published in this magazine, the Block of China is described as a technology that creates a complex economic system based on unpredictable human behavior.

In this paper, many of the security weaknesses associated with digital currencies and smart contract platforms have been surveyed since the inception of the series, and include a number of recent events, including a double-strike spending in one of the largest US currency currencies, Quinn Base at 7 January occurred.

There are also many situations where the technology of the block is highly vulnerable, including human error, and is written as follows:

In the short term, as the people trust the technology of the Block-China technology as a secure technology, in certain situations, its vulnerabilities appear. Occasionally we hear from scratches and sometimes unwanted software bugs. But the problem can go further and the complex interactions between computer codes, the blockade economy and human greed create the ecosystem of the disease.



This article also refers to a number of bug finding programs, also known as Bag Banty. In these programs, companies operating in the Black Carbon and digital currencies reward white hatcheries in exchange for bugs and security weaknesses.

White Necklace hackers earned a total of $ 878,000 in return for finding crypto bugs in 2018, according to the WebNextWeb website (TheNextWeb).

Kevin Bass has just received a $ 30,000 bonus for reporting a serious security bug in his platform, the highest ever recorded in a Crypto Bets by a HackerOne HackerOne exchange.

MIT technology magazine has previously predicted that Block's technology will be very popular in 2019, despite a declining and disappointing market in 2018.

Source: cointelegraph

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