A Comprehensive Review of Cyber Security in Blockchain-Based IOT

Authors

  • M. Chinna Raju, K. Samson Paul

DOI:

https://doi.org/10.17762/msea.v71i4.1957

Abstract

Integration of blockchain technology into the Internet of Things (IoT) may prove to be the solution to IoT-related challenges. The blockchain technology necessitates the storage of data in a distributed ledger that is maintained on a range of devices connected to one another via peer-to-peer networks. Because there is no way to alter this information, it is completely unalterable. It will likely be easier to tune the billions of Internet of Things devices provided by blockchain technology, which will also allow for distributed processing coordination. The distributed ledger technology known as blockchain employs cryptographic methods, which have the potential to aid in protecting the privacy of private data collected by Internet of Things (IoT) devices. As a result of the introduction of cryptocurrencies, the landscape was rapidly transformed. It had a profound effect on a variety of different topics, and cybersecurity was no exception. Mining attacks are the most prevalent sort of cyberattacks on cryptocurrency blockchains. Encryption is a crucial step that must be taken by cyber defence specialists. By additionally encrypting the information that is exchanged via blockchain technology, cyber security professionals can mitigate a significant portion of the inherent risks. The Scrypt cloud mining algorithm is presented as a means of securing the IoT blockchain against crypto-mining-based attacks. It is notable that Scrypt mining consumes a substantial amount of memory and requires a significant amount of time for hash selection. Scrypt is used for cryptocurrency mining, and the use of Scrypt makes it substantially more difficult for ASIC miners to compete in cryptocurrency mining.

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Published

2022-12-31

How to Cite

M. Chinna Raju, K. Samson Paul. (2022). A Comprehensive Review of Cyber Security in Blockchain-Based IOT. Mathematical Statistician and Engineering Applications, 71(4), 10646–10659. https://doi.org/10.17762/msea.v71i4.1957

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Section

Articles