Details about Blockchain Technology Part 4

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Details about Blockchain Technology Part 4

Dear steemians in my Blockchain Technology part 3 post I discussed about Blockchain Security and various security aspects of Blockchain Tech. Today is the fourth part of the blockchain series and I’m going to discuss how to secure blockchain network from hackers, cheaters and few standard procedures that can help. So, without further words let’s get started.

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How to secure blockchain network from hackers, cheaters?

It is well known that the earlier we act the better. So, to secure blockchain network developer need to adopt specific emulsions. It should start from the construction and configuration phase. It is advised by the experts that following measures are key to such threat.

1. The governance mechanism should be set for participants or users as per requirement and type

2. Frequency and class of information that is going to be stored within each block need to be determined.

3. Necessary standards of regulations and their implication need to be ensured.

4. Identity management should be maintained properly otherwise it might encounter identity theft action. For that encryption of block is required. The important keys to be stored with utmost safety.

5. A recovery strategy for blockchain users need to be prepared beforehand.

6. An adequate level of protection is required to be followed so that users can join in.

The safety of Blockchain is developed by taking into account the risk factor of the blockchain network and its operation. The developers have created a blockchain security model framework to implement security to it. A blockchain security model can ensure that every necessary precaution is in place to protect the blockchain from all types of threats.

Standard procedures to implement Blockchain security?

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When developer try to administer blockchain security model they need to keep in my that there are multifarious issues like risks in business, administration, technological advances and operations that needed to be addressed. Developer should also assess the risks to the blockchain and develop an adversary framework.

There are also few key points to be followed to administer security model like enforcing specific security controls, Using standard safety measures etc.

Friends for now I want to conclude today in my next post I will cover other aspects of blockchain tech.

Conclusion

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Blockchain is a blessing to us by giving ample opportunities to explore the global markets.. The developers should bear in mind the standard procedure and maintain their strict compliance.

Wishing well to all.

^{Vote for @bangla.witness}

Thank you
@toufiq777