Projects per year
Abstract
There has been increased interest in the use of blockchains to control Internet of Things devices either directly, or through smart contracts. Many blockchains, such as Ethereum and Fabric, have support for smart contracts. The use of public blockchains while attractive due to their decentralization and availability, do pose challenges, such as unpredictable transaction latencies and cryptocurrency price fluctuations. Transactions in the Ethereum network, such as invokations of smart contracts used to control an IoT device, have no fairness or eventuality guarantees. In this work we describe a “spam attack” method available to parties with sufficient cryptocurrency reserves to delay a statistically significant portion of transactions submitted to the Ethereum network. This paper derives estimations on the costs and effects of such an attack, and is based on an analysis of historical transactions.
Original language | English |
---|---|
Title of host publication | 2018 IEEE 9th Annual Information Technology, Electronics and Mobile Communication Conference (IEMCON) |
Place of Publication | International |
Publisher | IEEE |
Pages | 314-320 |
ISBN (Electronic) | 978-1-5386-7266-2 |
DOIs | |
Publication status | Published - 2018 |
MoE publication type | A4 Conference publication |
Event | IEEE Annual Information Technology, Electronics and Mobile Communication Conference - Vancouver, Canada Duration: 1 Nov 2018 → 3 Nov 2018 Conference number: 9 |
Conference
Conference | IEEE Annual Information Technology, Electronics and Mobile Communication Conference |
---|---|
Abbreviated title | IEMCON |
Country/Territory | Canada |
City | Vancouver |
Period | 01/11/2018 → 03/11/2018 |
Keywords
- Internet of Things
- Blockchain
- Ethereum
- Denial of Service
- Smart contracts
Fingerprint
Dive into the research topics of 'Risks from Spam Attacks on Blockchains for Internet-of-Things Devices'. Together they form a unique fingerprint.Projects
- 1 Finished
-
SOFIE: Secure Open Federation for Internet Everywhere
Nikander, P. (Principal investigator)
27/12/2017 → 31/12/2020
Project: EU: Framework programmes funding