31 AUGUST 2018, BENNETT GARNER A Sybil attack is an attempt to control a peer network by creating multiple fake identities. To outside observers, these fake identities appear to be unique users. However, behind the scenes, a single entity controls many identities at once. As a result, that entity can influence the network through additional voting power in a democratic network, or echo chamber messaging in a social network. The United States’ recent trouble with Russian election influence via fake accounts on social media is an easy-to-understand example of a…
Month: May 2019
As the Blockchain Hype Dies, Why Should We Care About Practical TestNets?
Joe Liebkind 03/03/2019 Blockchain News, Crypto, News, Opinion The blockchain era has largely been defined by grandiose promises and ambitions, but little to show for it. For most companies, even those that successfully complete ICOs, we usually hear loud guarantees of life-changing and revolutionary technology. In the end, however, these “game-changers” end in the same place most others do, the dustbin of history. Reports of a vast majority of blockchain projects fizzing out or simply vanishing have become common, and those applications still around are forced to shoulder the burden and standard of the industry. In this…