Background and Vision
Challenges in Blockchain Security
Blockchain technology is celebrated for its decentralization, transparency, and immutability. However, its rapid growth has exposed a range of security vulnerabilities:
- Smart Contract Vulnerabilities: Coding errors leading to asset losses (e.g., the 2016 DAO attack).
- Phishing Attacks: Fake wallets or DApps stealing users’ private keys and funds.
- Network Threats: 51% attacks, double-spending, and Sybil attacks.
- Data Privacy: The tension between on-chain data transparency and privacy needs.
Traditional security solutions, such as centralized firewalls or manual audits, struggle to adapt to the distributed nature of blockchain, highlighting the urgent need for a dynamic, intelligent security framework.
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