Korims Blockchain Lnformation Security

Blockchain technology is a comprehensive innovative application model of point-to-point transmission, consensus mechanism, encryption algorithm, distributed data storage and other technologies.

How does the Blockchain Wallet Ensure Security?

The security of the blockchain wallet mainly depends on the protection of the private key. Safe practices include choosing a trusted wallet provider, making sure the wallet software is up to date, using strong passwords and two-factor authentication, regularly backing up private keys, and storing them on a secure offline device. Also, avoid entering private keys in untrusted websites or applications to prevent phishing attacks.

How to Prevent 51% Attack?

A 51% attack refers to an attacker who controls more than 51% of the total computing power of the blockchain network, thereby being able to manipulate transaction records. To prevent such attacks, the blockchain network needs to have sufficient decentralization and distributed computing power distribution. In addition, some consensus mechanisms, such as Proof of Work and Proof of Stake, can increase the cost and difficulty of attacks.

How is Blockchain Information Security Different from Ordinary Network Security?

Decentralized

Blockchain is a decentralized technology with no central controlling authority. While traditional network security usually involves protecting centralized systems and servers, blockchain security relies on the consensus of nodes distributed across the network.
Immutable

The data of the blockchain is linked in the form of blocks, and each block contains the hash value of the previous block. Once the data is written into the blockchain, it is very difficult to tamper with it, as it would require an attacker to control a majority of nodes and do a lot of computational work.
Smart Contract Security

Smart contracts are self-executing code on the blockchain, but they can have bugs or coding errors that could lead to funds being lost or the system being attacked. Security auditing and testing of smart contracts becomes critical.
Privacy Protection

Although blockchain is transparent, some users may want to protect the privacy of their transactions and identities. Traditional network security pays more attention to the confidentiality of data, while blockchain information security needs to comprehensively consider privacy protection technologies, such as zero-knowledge proof and anonymous addresses.

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