Forensic Science and Technology Commons^™

Blockchain Security: Situational Crime Prevention Theory And Distributed Cyber Systems, Nicholas J. Blasco, Nicholas A. Fett

International Journal of Cybersecurity Intelligence & Cybercrime

The authors laid the groundwork for analyzing the crypto-economic incentives of interconnected blockchain networks and utilize situational crime prevention theory to explain how more secure systems can be developed. Blockchain networks utilize smaller blockchains (often called sidechains) to increase throughput in larger networks. Identified are several disadvantages to using sidechains that create critical exposures to the assets locked on them. Without security being provided by the mainchain in the form of validated exits, sidechains or statechannels which have a bridge or mainchain asset representations are at significant risk of attack. The inability to have a sufficiently high cost to attack …