Blockchain Protocol Security

Ensure protocol security!

A blockchain protocol is a program which forms the software backbone of the network. Different protocols are designed so they can fulfill varied objectives and use cases

Blockchain Protocol Security

Ensure protocol security!

A blockchain protocol is a program which forms the software backbone of the network. Different protocols are designed so they can fulfill varied objectives and use cases

Cybersecurity is often the last thing to be considered during the development of innovative and original protocols. However, after accumulating considerable sums of money, blockchain protocols often become the targets of hacking attacks. Hacken offers blockchain protocol security which includes 3 sub-services: a protocol model security review, a tokenomics review, and a protocol implementation security analysis

Blockchain Protocol Security Services:

1

Protocol model security review

New private or public blockchains appear from the various types of consensuses which all have different sizes of blocks, configurations of nodes, and sequences of node competition. Each custom blockchain resolves one issue which in turn creates a new one. As a result, there are critical vulnerabilities on the consensus level with limitations on processing time, scalability, support, and security.

The Hacken team reviews the protocol to ensure there are no hidden bugs on the consensus level. We will also check the development, languages, infrastructure, and availability of libraries for custom purposes

2

Tokenomics review

Tokenomics determines the pricing of the token and the fundamental reasons for its growth and decline. Most projects disregard tokenomics and subsequently incur significant financial losses.

Hacken will analyze your projects economic model in order to create a usable and needed token. This ensures not only the platform or product will be of benefit but also the token

3

Protocol implementation security analysis

Perfectly designed protocol model can have issues due to mistakes in implementation. A critical example of the situation can be a custom implementation of cryptography.

When rolling custom cryptography, it's highly probable to have bugs in it. For instance, if a random number generator takes a non-random seed, the system fails. A hacker can figure out the algorithm to create oneself a seed and take control of the whole system, or the same address may be created multiple times.

Hacken analyzes whether the protocol is securely implemented and checks for any unexpected flaws

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