Homework on Security & Immutability - Questions

a decentralized network removes the ability of a single interested party to alter or control the information recorded on the ledger.

its dangerous because power corrupts and absolute power…

Homework on Security & Immutability - Answers

  1. How does a decentralized network increase security?

The decentralized network relies on consensus to provide
the truth. It is secure because the nodes are tasked with
confirming transactions and updating the blockchain as well as
identifying and not processing those transactions that are invalid.
This provides the overall security of the global network.

  1. Why is it dangerous to trust a central authority for security?

The central authority can be corrupted by the “what’s in it for me” philosophy.
The network can be hacked, information stolen allowing for the
perpetuation of fraudulent transactions.

  1. How does a decentralized network increase security?
    Consensus - all the network has to agree the transaction before it can be validated. It is immutable. The trust is in math!!!

  2. Why is it dangerous to trust a central authority for security?

More chance of corruption and of being hacked. The central authority can make changes that you may not agree with.

  1. Decentralization increases security because all ledgers in the network has copy of same transaction, therefore, open, transparent.and immutable.

  2. Central authority for security is a failure because it doesnt base on mutual consensus.

  1. Decentralized network of nodes that cryptographically verify transactions eliminates the single point of failure.
  2. All centralized systems can be compromised by mishandling or exploiting its security system vulnerabilities.

How does a decentralized network increase security?
Decentralized network is a trust-less system which can not be bribed or hacked because the decentralized network relies on global unifying structure based on universal mathematical protocol. All parties within the decentralized network have a common incentive to work together through rewards to use a unifying common mathematical protocol standard which in-turn leads to a global unifying security.

Why is it dangerous to trust a central authority for security?
Users place their faith/trust within the central authority to act in the best interests of the users rather than for the benefit of the owner of the central authority/community.

Example; FaceBook (FB). Users allow FB to record & track friends and family activities on a global scale, but at the same time FB markets/sells access to user data by allowing 3rd party companies to track/record user transactions to improve targeting of paid advertisements which is in direct opposite to the users request for their data to remain private within their friends and family community/circle.

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  1. How does a decentralized network increase security?
    The protocol, which is run decentralized, removes the need for trust in a single entity.
  2. Why is it dangerous to trust a central authority for security?
    The central authority can misuse your trust intentionally or just harm your interests accidentally.

1.When a network is decentralized means the data is not located in a single spot. There is no specific person or place to hack or bribe.
2. Central authorities can easily engage in corruption acts and are relatively easer to hack.

1.a decentralized network is more secure because theres no one central form of authority making it harder for hackers to manipulate a network

  1. Its dangerous to trust a central authority because a central authority can be hacked or manipulated
  1. the blockchain increases security cause it’s included in itself. And a decentralized network allows to build more security as it grows.
  2. It is dangerous to trust a central authority cause at the end it’s the only entity who decides and design the rules. And it’s a weakness cause it provides a unique target to attack.
  1. How does a decentralized network increase security?
    It increases security because there is not a single point of failure. Consensus is determined by a large number of nodes having different vested interest. But they all share one common interest. They have to stay honest to be part of the network.

  2. Why is it dangerous to trust a central authority for security? When you have a central authority, there is a central point of failure. If that authority is hacked the whole content of the database can be altered. On a blockchain, the hacker would need to hack enough nodes to achieve consensus by itself (51% attack) which is orders of magnitude more demanding than hacking a single node.

  1. How does a decentralized network increase security?

A decentralized network is trust-less and based on consensus from all network participants that are incentivized. Also, this decentralized network is based on math and protocol to run an immutable chain.

  1. Why is it dangerous to trust a central authority for security?

Data can be modified by the central authority and user can be discriminated against with external reason.

  1. Decentralized network elimanates centrally trusted institution by dividing the required trust around ledgers.
  2. You are dependable of their actions and possible weaknesses/risks.
  1. A decentralized network has a higher level of security than a centralized network, since interrupting with the network becomes harder, since the power to determine what’s true and what’s false in a decentralized network requires consensus from more than one “peer”, as it is in a centralized network.

  2. Because you have no power to control their security, and because they have a bigger incentive to handle for their own benefit rather than yours. Also, when a central authority is in power, you are standing weaker than them. In a decentralized network everyone is equal, and messing with the network will punish you. It’s like living with a friend in a post apocalyptic situation; you have the key to the food storage and your friend has the key to the weapon storage. If you scam your friend, you’ll have no weapon to defend yourself. If your friend scams you, he’ll have no food. If he had both the food and the weapons, why wouldn’t he scam you, beside the fact that he’s your friend? When he realize his family is struggling, I bet you’ll be the one being sold off. Bizarre example, I know, lol. xD

Everyone uses the same standards and infrastructure which rely on maths and a (value) protocol which increases security.
A central authority can enter / manipulate what is authorised or not - which carries a risk of abuse / corruption / mismanagement.

1 Uma rede descentralizada tem sua segurança aumentada ao transformar o processo de transmissão de informações, fazendo com que esse processo seja feito por tecnologias respaldadas em cálculos e incentivos financeiros aos participantes da rede, removendo a necessidade de confiança.

2 Pois uma autoridade central pode ter incentivos para modificar informações e acabar com a segurança de um sistema.

  1. In a decentralized network you trust the protocol, not the participants. It is costly and time consuming for a bad actor or hacker to attack an entire decentralized network.

  2. There is a single point of attack for a bad actor or hacker. You have no way of knowing if the central authority has the competence and skill to build their security properly or if they are honest…

  1. By not having a single point of failure, since the same info is distributed on more clients, it can be easily verified.

  2. Because there is no way to verify if that info is real or not. Moreover , whoever controls the informations has lots of power.

  1. no central authority
  2. They have all access to information and can release or change it.
  1. There is no central player, and all records are for good,and verifiable.
  2. They for many reasons can change, delete or hide the truth.No verifiable secondary source of verification.