Biblio
In a consensus algorithm based on Proof-of-Work, miners are motivated by crypto rewards. Furthermore, security is guaranteed because a cost of a 50% attack chance is higher than the potential rewards. However, because of the sudden price jump of cryptocurrencies and cheap prices of mining machines like ASICs, the cost and profit were on equilibrium for Bitcoin in 2017. In this situation, attackers are motivated by the balance between hash power and profits. In this paper, we describe that there is relevance between mining power on the network and price of tokens that can be taken securely on a blockchain. Users who exchange tokens on the PoW blockchain should monitor mining power and exchange tokens cheaper than the attack cost so that profit and cost of the attacker are not in equilibrium.
Existing data management and searching system for Internet of Things uses centralized database. For this reason, security vulnerabilities are found in this system which consists of server such as IP spoofing, single point of failure and Sybil attack. This paper proposes data management system is based on blockchain which ensures security by using ECDSA digital signature and SHA-256 hash function. Location that is indicated as IP address of data owner and data name are transcribed in block which is included in the blockchain. Furthermore, we devise data manegement and searching method through analyzing block hash value. By using security properties of blockchain such as authentication, non-repudiation and data integrity, this system has advantage of security comparing to previous data management and searching system using centralized database or P2P networks.
The blockchain technology has emerged as an attractive solution to address performance and security issues in distributed systems. Blockchain's public and distributed peer-to-peer ledger capability benefits cloud computing services which require functions such as, assured data provenance, auditing, management of digital assets, and distributed consensus. Blockchain's underlying consensus mechanism allows to build a tamper-proof environment, where transactions on any digital assets are verified by set of authentic participants or miners. With use of strong cryptographic methods, blocks of transactions are chained together to enable immutability on the records. However, achieving consensus demands computational power from the miners in exchange of handsome reward. Therefore, greedy miners always try to exploit the system by augmenting their mining power. In this paper, we first discuss blockchain's capability in providing assured data provenance in cloud and present vulnerabilities in blockchain cloud. We model the block withholding (BWH) attack in a blockchain cloud considering distinct pool reward mechanisms. BWH attack provides rogue miner ample resources in the blockchain cloud for disrupting honest miners' mining efforts, which was verified through simulations.