What are some of the Blockchain Security Risks?

While there is no denying that blockchain technology has brought transparency, security & reliability via the trustless, decentralized systems, nefarious players have found loopholes to penetrate the different security mechanisms that blockchains provide. To explore some of the vulnerabilities that have been exposed in blockchains, we first need to understand what constitutes the blockchain tech – cryptographically linked data structures, peer-to-peer networking, and consensus protocols. These weaknesses need to be fixed if the technology has to survive the onslaught of people with malicious intent. Before we move forward, the following table shows a comparison between the strengths & weaknesses of…...