Exploring a Lesser-Known Blockchain Vulnerability: Blockchain Forking Attacks | Karthikeyan Nagaraj
Understanding the Working Principle, Exploitation Methods, Prevention Strategies, and Impact of Blockchain Forking Attacks
4 min readMay 30, 2023
Introduction:
- Blockchain technology has gained significant attention for its potential to revolutionize various industries, providing transparency, security, and immutability.
- However, like any system, blockchains are not immune to vulnerabilities. While “51% attacks,” “double spend,” and other well-known vulnerabilities receive much attention, there exists a lesser-known yet significant threat called blockchain forking attacks.
- This article aims to delve into the intricacies of blockchain forking attacks, shedding light on their working principle, exploitation methods, prevention strategies, and the potential impact they can have on blockchain networks.
Working Principle of Blockchain Forking Attacks:
- Blockchain forking attacks exploit a fundamental characteristic of blockchain technology — its decentralized and distributed nature.
- A blockchain fork occurs when a group of participants…
