Blockchain technology has gained significant attention due to its various use cases and potential for disruption. It was first manifested and introduced to the world as the technology being the cryptocurrency Bitcoin, which experienced a precipitous rise, but it is now in use by many other businesses as well.
One of the main reasons blockchain is so popular is it's inherent structure that uses Peer-to-Peer network and registers to store transactions, and it's designed as a digital log file and stored as a series of linked groups or blocks. Each and every block is locked cryptographically with the previous block and once a block has been added it cannot be altered.
Due to this structure blockchain technology has been hailed as "unhackable", but recent studies has reported more and more security holes appearing in cryptocurrency and smart contracts platform and some are fundamentl to the way they were build, so this demonstrates that even blockchain are prone to various cyber security attacks.
With any technology or code the risk of creating vulnerability runs high as human developers will naturally make errors, which can be fed on by nefarious parties.
Some of the vulnerabilities are;
• 51% Vulnerability: if a single miner's hashing power accounts for over 50% of the total hashing power of the entire blockchain, a 51% attack can be launched to Arbitrarily manipulate and modify blockchain.
• Private Key Security: Once a user's private key is lost, it cannot be recovered. If the private Key us stolen by criminals ,the users blockchain account can be tempered by others.
• Double Spending: Double spending refers to a consumer who uses the same cryptoccurrency multiple times for transaction.
Hacker AI:
Hacken-ai is a team of cybersecurity experts that has been fighting the hackers off in the blockchain system since it was founded in 2017, it is focused on securing tech infrastructure from cyber criminals through its;
• Experienced Team: An experienced team that has a 50 years of combined experience in protecting clients of all sizes and industries including banking, manufacturing, transportation, and e-commerce.
• Strong R&D and Knowledge Base: The have highly professional in-house experts regularly strengthening their skills by analyzing the latest hacking methods shared within the HackenProof community of 2,000+ cybersecurity researchers.
• Education and Network: Hacken CyberSchool and the HackIT conference have developed a large international community of tech-savvy practitioners who deal with varying levels of cybersecurity issues.
• Partnerships: Hacken is cooperating with industry leaders such as CoinMarketCap, Bitfury, and Etherscan to promote cybersecurity, accountability, and transparency of the blockchain and IT industry.
• Public Research: The keep Increasing brand awareness driven by unique research materials published in influential media such as TechCrunch etc.
Hacken-AI Offers the following Services:
• HackenProof: HACKENPROOF is a bug bounty platform that helps businesses protect their digital assets, personal data of customers, and their reputation through crowdsourced security.
• Security Assessments: Hacken provides a wide range of professional services to protect systems, networks, and software applications from cyber attacks and human-based errors.
• Blockchain Security: Consulting thier professional team of consultants performs smart contract audits, DApp security reviews, and blockchain protocol reviews in accordance with industry best practices.
• CER(CryptoExchange Ranks): CER will be eventually impletmented inside the HackenAi app, and will be turned into HackenAi Research, focused on Crypto Exchange/Wallet products rankings.
Hacken-AI Security Measures:
• NonCustodial Crypto wallet
• Cyber Boot Camp
• Two-factor authentication
• Secure storage
• Digital Asset Viewer and Tracker
• Password Manager
• Compromised accounts monitoring
• VPN.
HAI token:
HAI is a token minted on the VeChainThor blockchain that will be used as a utility token in the Hacken ecosystem. Users pay their HackenAI subscription fee using HAI, while business use HAI to buy the B2B services and products Hacken provides.
Stay Connected with Hacken-AI using the following links:
Website: https://hacken.ai/
Telegram: https://t.me/hackenai
Twitter: https://twitter.com/hackenai?lang=en
Writers Details
Bitcointalk Username: Chika08