Leicester
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Appearances Over Time
Podcast Appearances
The nodes are the heart and soul of what make the thing run in simple form.
And there's always multiple of them.
Part of the problem I would argue with nodes is, and this lends to the Sybil attack,
Part of the problem and the flaw with nodes is the assumption that everybody has the best of intentions.
As with any network, if your underlying servers, your routers, your computers, if you have a malicious actor powering this thing, it affects the network and drops its security and creates vulnerabilities.
Now with something like blockchain,
It's not like it could infect your computer or any of that because it's not running locally on your device, generally speaking.
But what it could do is it could compromise the value of your assets.
If you connect your, your wallet to a D app that's been compromised, or that is attached to a node that is compromised or is attached itself to the chain, but the chain has been compromised at a point, then your assets could be drained.
So depending on where that compromise is happening,
Your wallet could be affected.
You, the physical, you would not be, but your assets, your stored assets could be recently.
I talked about Monero and the 51% attack.
The 51% attack is a type of Sybil attack.
It simply means that an operator, a node operator is able to control at least 51% or more of the entirety of the network.
And when that happens,
It allows them to essentially control what's going on.
Now, in that case, they weren't doing it for malicious reasons.
They were doing it to use the value of Monero to enrich their own token product.
And they tried to Monero and said, we're just showing you we can do this because you're compromised, right?