Content area

Abstract

Conflicting transactions within blockchain networks not only pose performance challenges but also introduce security vulnerabilities, potentially facilitating malicious attacks. In this paper, we explore the impact of conflicting transactions on blockchain attack vectors. Through modeling and simulation, we delve into the dynamics of four pivotal attacks - block withholding, double spending, balance, and distributed denial of service (DDoS), all orchestrated using conflicting transactions. Our analysis not only focuses on the mechanisms through which these attacks exploit transaction conflicts but also underscores their potential impact on the integrity and reliability of blockchain networks. Additionally, we propose a set of countermeasures for mitigating these attacks. Through implementation and evaluation, we show their effectiveness in lowering attack rates and enhancing overall network performance seamlessly, without introducing additional overhead. Our findings emphasize the critical importance of actively managing conflicting transactions to reinforce blockchain security and performance.

Details

1009240
Title
Impact of Conflicting Transactions in Blockchain: Detecting and Mitigating Potential Attacks
Publication title
arXiv.org; Ithaca
Publication year
2024
Publication date
Dec 8, 2024
Section
Computer Science
Publisher
Cornell University Library, arXiv.org
Source
arXiv.org
Place of publication
Ithaca
Country of publication
United States
University/institution
Cornell University Library arXiv.org
e-ISSN
2331-8422
Source type
Working Paper
Language of publication
English
Document type
Working Paper
Publication history
 
 
Online publication date
2024-12-10
Milestone dates
2024-07-30 (Submission v1); 2024-12-08 (Submission v2)
Publication history
 
 
   First posting date
10 Dec 2024
ProQuest document ID
3086453899
Document URL
https://www.proquest.com/working-papers/impact-conflicting-transactions-blockchain/docview/3086453899/se-2?accountid=208611
Full text outside of ProQuest
Copyright
© 2024. This work is published under http://arxiv.org/licenses/nonexclusive-distrib/1.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.
Last updated
2024-12-11
Database
ProQuest One Academic