"Blockchains Are Being Exploited by Bots for Profit"

New research conducted at Cornell Tech brings attention to the exploitation of weaknesses in blockchains by attackers through the use of bots for the purpose of gaining profit. The blockchain is a decentralized distributed ledger used to process and finalize cryptocurrency transactions. According to researchers, bots are exploiting time delays in the blockchain system in order to make trades at a higher speed than humans. As a result, bots can have access to information in advance, which could be used to make deals. This article continues to discuss blockchain technology, research discoveries surrounding the inefficiencies of the blockchain system, and the exploitation of these weaknesses by an army of bots.

Homeland Security News Wire reports "Blockchains Are Being Exploited by Bots for Profit"


 

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