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Date of Graduation
Bachelor of Business Administration (BBA)
Department of Computer Information Systems and Business Analytics
This paper examines consensus attacks as they relate to blockchain networks. Consensus attacks are a significant threat to the security and integrity of blockchain networks, and understanding these attacks is crucial for developers and stakeholders. The primary contribution of the paper is to present blockchain and consensus attacks in a clear and accessible manner, with the aim of making these complex concepts easily understandable for a general audience. Using literature review, the paper identifies various methods to prevent consensus attacks, including multi-chain networks, proof-of-work consensus algorithms, and network auditing and monitoring. An analysis revealed that these methods for preventing consensus attacks are not mutually exclusive and can be used in conjunction with each other. Ultimately, the choice of which methods to implement depends on the specific needs and goals of the network being built. The paper concludes with a discussion of the implications of these findings for blockchain network development and security.
Clark, Thomas R., "An analysis and examination of consensus attacks in blockchain networks" (2023). Senior Honors Projects, 2020-current. 159.