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2/7/2025 12:18:56 PM (GMT+1)

Main Vulnerabilities of Blockchain and Methods of Their Mitigation

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Blockchain, despite its revolutionary nature, is not immune to numerous vulnerabilities. One of the main threats is the *51% attack*, when miners or network nodes control the majority of computing power, allowing them to manipulate transactions. Solution: the use of consensus algorithms such as *Proof of Stake*, which reduce the influence of large players.

Another weak point is *smart contracts*, which may contain vulnerabilities due to coding errors. Software for auditing, such as MythX and OpenZeppelin, helps to identify these issues before they are exploited.

An important aspect remains *private key protection*, which can be stolen in case of unreliable storage. To prevent leaks, transitioning to hardware wallets and multi-factor authentication is essential.

Thus, to ensure the security of blockchain systems, it is important to apply advanced protection methods, regular audits, and network monitoring.


This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.



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