International Institute of Information Technology, Hyderabad (20240236119). SYSTEM AND METHOD FOR DETECTING AND NEUTRALIZING SECURITY ATTACKS IN BLOCKCHAINS simplified abstract
Contents
SYSTEM AND METHOD FOR DETECTING AND NEUTRALIZING SECURITY ATTACKS IN BLOCKCHAINS
Organization Name
International Institute of Information Technology, Hyderabad
Inventor(s)
Varul Srivastava of Prayagraj (IN)
SYSTEM AND METHOD FOR DETECTING AND NEUTRALIZING SECURITY ATTACKS IN BLOCKCHAINS - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240236119 titled 'SYSTEM AND METHOD FOR DETECTING AND NEUTRALIZING SECURITY ATTACKS IN BLOCKCHAINS
The present disclosure introduces a system designed to detect and neutralize multiple security attacks on a blockchain network, enhancing its overall security.
- The system includes a sender node responsible for sending transactions to user devices associated with users.
- The blockchain network receives the transactions once the first block is validated in the first blockchain.
- The system validates the transaction of the first block to neutralize the first attack.
- It identifies a second attack by initiating a split in the first blockchain to create a second blockchain.
- The second blockchain is invalidated when the latest block of the first blockchain invalidates the second block of the second blockchain by adding a proof of invalidity (POI) to the second block to neutralize the second attack.
Potential Applications: - Enhancing security in blockchain networks - Preventing various security attacks on blockchain systems
Problems Solved: - Mitigating security threats in blockchain networks - Improving the overall security of blockchain systems
Benefits: - Increased security for transactions on blockchain networks - Enhanced trust and reliability in blockchain technology
Commercial Applications: Title: Blockchain Security Enhancement System This technology can be utilized by blockchain companies, financial institutions, and government agencies to secure their transactions and data on blockchain networks. It can also be integrated into cryptocurrency exchanges to prevent security breaches and unauthorized access.
Questions about Blockchain Security Enhancement System: 1. How does the system detect and neutralize security attacks on a blockchain network? The system uses a sender node to send transactions to user devices and validates these transactions to neutralize attacks.
2. What are the potential applications of this technology in the financial sector? This technology can be used by banks and financial institutions to secure their transactions and prevent security breaches on blockchain networks.
Original Abstract Submitted
the present disclosure provides a system for detecting and neutralizing a plurality of security attacks on a blockchain network to improve security of the blockchain network. the system includes a sender node that is configured to send a transaction to a user device associated with at least one user. the blockchain network is configured to (i) receive the transaction from the sender node when the first block gets validated in the first blockchain, (ii) validate the transaction of the first block to neutralize the first attack, (iii) determine a second attack by initiating a split in the first blockchain to determine a second blockchain, and (iv) invalidate the second blockchain when the latest block of the first blockchain invalidates the second block of the second blockchain when a proof of invalidity (poi) is added to the second block to neutralize the second attack.
