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How Blockchain DDoS Attacks Work Training Ppt

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Content of this Powerpoint Presentation

Slide 1

This slide highlights the concept of denial-of-service attack on blockchain. Further It also contains information on how DDoS attack is conducted using transaction flooding approach. It also contains details of recent DDoS attacks on Solana and Arbitrum One public blockchains.

Slide 2

This slide showcases information about the aftermath of distributed denial of service attacks on blockchain. It explains how a blockchain network is subjected to software crashes, node failure, network congestion, bloated ledger, and financial damages when under this kind of attack.

Instructor’s Notes:

Impact of DDoS attacks on blockchain network are as follows:

Software Crashes:

  • Blockchain software can perform a limited number of transactions
  • Also, they have predefined mempool storage capacity
  • Transaction flooding tests this limit, resulting in the crashing of the software in crashing of software 

Node Failures:

  • DDoS attack can force a node to run out of memory ; this can make it go offline unless the system is restarted

Network Congestion:

  • When under a DDoS attack, nodes receive multiple copies of the same transaction, causing congestion. It also results in consumption of more bandwidth

Bloated Ledger:

  • A ledger stuffed with spam transactions permanently impacts blockchain technology

Financial Damage:

  • Users cannot access blockchain networks because of DDoS attacks and are unable to perform important business transactions. Financial damages are the end-result.

Slide 3

This slide illustrates the multiple prevention measures that can be taken to prevent the distributed denial of service attack in blockchain technology such as to monitor and analyze network traffic, strengthen security apparatus, and establishing an attack response plan.

Instructor’s Notes:

Different methods used to prevent and protect from DDoS attack are as follows:

Monitor and analyze network traffic:

  • It is important to install an intrusion detection system in the blockchain network system to supervise network traffic
  • This type of detection system will help inform all members in the network about any unusual traffic
  • Enhances security of any blockchain system and ensure blocks are free of unwanted traffic

Strengthen security apparatus:

  • Every system that is being used for blockchain technology needs to be secure against malicious attackers
  • Strength different internet devices. Installation and maintenance of antivirus software and establishing firewalls configured to prevent DDoS attacks are a must-do

Establish a DDoS attack response plan:

  • Create and practice a disaster recovery plan to prevent DDoS attacks on a blockchain network

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