Blockchain offers identity authentication through a visible ledger and thus have greater potential for cyber risk.
Answers
Block chain, the underlying technology behind cryptocurrencies uses visible ledger for identity authentication.
It can be misused by cyber criminals by faking their identity and using the digital wallets.
Cyber criminals can target block chain technology with phishing software, mining tools and various other softwares.
The chances of additional cryptocurrencies being created are very high.
Blockchain: A blockchain is referred to as the growing list of records. These records are linked using cryptography, a security mechanism. Modification of data is not possible in a block chain.
Hyperledger: A set of tools to operate and configure blockchain is referred to as hyperledger.
Functions:
- Provides high level of abstraction
- Platform for java script
- API for Client application development
Hence, they have a greater potential for cyber risk.
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