Review on the Advantages and Disadvantages of Cryptocurrency Attacks

The advantages and disadvantages of blockchain technology in cryptocurrency attacks will be explained in this article. Digital currency has been widely used around the world. The soaring value of digital currencies has also led to an increase in the use of cryptocurrency. Cryptocurrency is a form o...

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Publicado: Faculty of Computer and Mathematical Sciences, Universiti Teknologi MARA Perlis 2021
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Acceso en línea:https://doaj.org/article/b07d8d4ea61b4556808277d9ad01f49c
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spelling oai:doaj.org-article:b07d8d4ea61b4556808277d9ad01f49c2021-11-06T02:20:41ZReview on the Advantages and Disadvantages of Cryptocurrency Attacks 2600-8793https://doaj.org/article/b07d8d4ea61b4556808277d9ad01f49c2021-09-01T00:00:00Zhttp://repeater.my/index.php/jcrinn/article/view/204https://doaj.org/toc/2600-8793 The advantages and disadvantages of blockchain technology in cryptocurrency attacks will be explained in this article. Digital currency has been widely used around the world. The soaring value of digital currencies has also led to an increase in the use of cryptocurrency. Cryptocurrency is a form of payment that can be exchanged online for goods and services. The increasingly popular use of cryptocurrency around the world is causing criminals, and hackers are starting to attack cryptocurrency on an ongoing basis. With the advent of blockchain technology, it managed to save the digital currency system with the availability of a decentralized database. Each block has many transactions, and for new transactions will be recorded and added to a decentralized database with a cryptographic signature that does not change making it difficult for abuse and theft. The authors have examined the strengths and weaknesses of the blockchain in cryptocurrency attacks. As a result, the authors support that this blockchain technology can help deal with cryptocurrency attacks that occur. Faculty of Computer and Mathematical Sciences, Universiti Teknologi MARA PerlisarticleProbabilities. Mathematical statisticsQA273-280TechnologyTTechnology (General)T1-995ENJournal of Computing Research and Innovation, Vol 6, Iss 2 (2021)
institution DOAJ
collection DOAJ
language EN
topic Probabilities. Mathematical statistics
QA273-280
Technology
T
Technology (General)
T1-995
spellingShingle Probabilities. Mathematical statistics
QA273-280
Technology
T
Technology (General)
T1-995
Review on the Advantages and Disadvantages of Cryptocurrency Attacks
description The advantages and disadvantages of blockchain technology in cryptocurrency attacks will be explained in this article. Digital currency has been widely used around the world. The soaring value of digital currencies has also led to an increase in the use of cryptocurrency. Cryptocurrency is a form of payment that can be exchanged online for goods and services. The increasingly popular use of cryptocurrency around the world is causing criminals, and hackers are starting to attack cryptocurrency on an ongoing basis. With the advent of blockchain technology, it managed to save the digital currency system with the availability of a decentralized database. Each block has many transactions, and for new transactions will be recorded and added to a decentralized database with a cryptographic signature that does not change making it difficult for abuse and theft. The authors have examined the strengths and weaknesses of the blockchain in cryptocurrency attacks. As a result, the authors support that this blockchain technology can help deal with cryptocurrency attacks that occur.
format article
title Review on the Advantages and Disadvantages of Cryptocurrency Attacks
title_short Review on the Advantages and Disadvantages of Cryptocurrency Attacks
title_full Review on the Advantages and Disadvantages of Cryptocurrency Attacks
title_fullStr Review on the Advantages and Disadvantages of Cryptocurrency Attacks
title_full_unstemmed Review on the Advantages and Disadvantages of Cryptocurrency Attacks
title_sort review on the advantages and disadvantages of cryptocurrency attacks
publisher Faculty of Computer and Mathematical Sciences, Universiti Teknologi MARA Perlis
publishDate 2021
url https://doaj.org/article/b07d8d4ea61b4556808277d9ad01f49c
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