Patent published on October 26, 2023

New Patent Could Shield Blockchain Networks from Cyber-Attacks

In today's digital age, where everything is near instantly accessible on the Internet, the safety of our data stands paramount. A potential digital fortress called blockchain - a system where many computers across the globe share and store information - has come under threat from cyber-attacks. Enter US patent number US20230344864A1.

At its core, this patent addresses an issue pervasive in the world of blockchain networks: Denial of Service (DoS) attacks. In simple terms, DoS attacks are a lot like a rush hour traffic jam on the internet; too many 'requests' or cars trying to squeeze down a thin lane, blocking everything behind it. Typically, blockchain networks manage these attacks by asking for transaction fees, much like a toll system on busy roads. This, however, is akin to putting a band-aid on a broken arm. It doesn't give enough protection, especially to more complex systems like second-layer networks (smaller, chain-branching networks) or private blockchain networks that require special mechanisms to operate.

What's worse, smart contracts, the openly accessible computer programs available through a blockchain's App Program Interfaces (APIs), present an easily exploitable target for potential attackers. By constantly calling functions through these APIs, attackers can overburden the nodes - the individual computers within a blockchain network. The computational overload might cause these nodes to lag behind others, or worse, crash altogether. Such high workloads also open up risks for memory corruption, providing yet another potential runway for assaults.

This patent takes these challenges head-on. The proposed concept revolves around detecting and managing these DoS attacks, so our digital data remains secure. Imagine a vigilant security guard for your computer systems, constantly monitoring for any abnormal activity. If an onslaught of requests starts jamming the system, the guard would take immediate action. This safety mechanism can autonomously decide on the best course of action and intervene accordingly, much like a traffic police officer directing vehicles during rush hour.

So, what does the world look like after this problem is solved? Picture a bustling digital city, expertly managed, where the heavy flow of information doesn't result in frustrating blockages. Nodes in a blockchain network that were once vulnerable are now standing tall, safe from threats of crashing under high workloads. Smoother operations mean more efficient communication between network nodes, untangling knots of potential data traffic jams, resulting in a healthier, safer digital world.

On the user front, individuals leveraging blockchain technologies - be it for secure financial transactions, smart contract operations, or private networking - can heave a sigh of relief. With this added layer of security, the likelihood of service disruptions dwindles, boosting trust among potential blockchain adopters and bolstering the growth of blockchain technologies.

P.S. It's important to remember that this is still a patent and only time will tell if it graduates from paperwork to prototype, and then to a live product in the marketplace. But if it does, it promises to be a beacon of security in an increasingly interconnected and digital world.

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