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Balancing Security: A Moving Target

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Building Decentralized Trust


Blockchain technology has come a long way since its inception in the form of Bitcoin in 2009. With a growing interest from industry and academia came an influx of new application areas and domains that make use of this technology on a daily basis. This technology, while having unique security properties, also presented new security challenges and previously unexplored attack vectors that became the target of malicious actors in the domain.

This chapter presents an overview of security challenges that arise when using, developing, and designing blockchain technology. Firstly, common attack vectors and pitfalls are presented that have to be considered when working with blockchains. Next, weak points in all layers, i.e., technical, data/records, and social layers, are thoroughly discussed and countermeasures with the potential of alleviating some concerns are suggested. Lastly, an outlook on the technology’s future is given and suggestions are provided on how to design usable, secure systems that could withstand the test of time.

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Correspondence to Artemij Voskobojnikov .

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Voskobojnikov, A., Skwarek, V., Mashatan, A., Matsuo, S., Rowell, C., Weingärtner, T. (2021). Balancing Security: A Moving Target. In: Lemieux, V.L., Feng, C. (eds) Building Decentralized Trust . Springer, Cham.

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