Blockchain has some risks: for example, hackers can conduct the so-called 51% attack. Major cryptocurrencies are almost not vulnerable to such an attack due to the high computing capacity, although swindlers can damage small cryptocurrencies.
The way to prevent similar attacks and to protect the transaction chain will be discussed on March 22 at Blockchain & Bitcoin Conference Prague. Vano Narimanidze, Country Lead of Georgia for Horizen, covering Eastern Europe and CIS regions, will make a presentation: Solution to 51% attacks.
Key points:
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risks of PoW consensus;
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how to provide total security of small cryptocurrencies;
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how to become a leading cryptocurrency for the algorithm;
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how to improve the consensus algorithm;
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case study of the attack and its solution.
Vano Narimanidze is an expert with 10 years of experience in the Information Technologies sector and the founder of Georgia’s largest IT portal – Overclockers GE. The specialist holds Georgia’s absolute record of CPU overclocking.
Currently, Vano Narimanidze is representing Georgia as part of the Horizen blockchain platform aimed at providing digital data safety.
Besides, he is Co-founder and President of Association Blockchain Georgia. The non-commercial organization unites blockchain communities in Georgia and supports the integration of blockchain within the country.
The speaker is also a System Administrator at LEPL Education Management Information System (EMIS) and at the Ministry of Foreign Affairs of Georgia.
Discover more about crypto attack prevention from the expert at the conference!
