Ethereum: DDOS Attack via BRC-20 and Ordinals on Bitcoin?
In recent times, there has been a growing concern for the potential for a distributed denying attack of the service (DDOS) aimed at the Ethereum network. However, what may seem like an unusual scenario is actually related to the use of token and specific cryptocurrency protocols: BRC-20 and ordinal.
Background on BRC-20 and ordinal
BRC-20 is a token that uses the Ethereum Blockchain as a foundation. It is designed for micropaggamenti, allowing users to send small quantities of mutually value without the need for intermediaries such as traditional payment transformers. The ordinals, on the other hand, are an extension of BRC-20, which allows users to transfer and archive tokens in a safer and more transparent way.
The problem: high commissions, low value transactions
Although it is a low value transaction protocol, the ordinals have generated significant quantities of commissions due to their decentralized nature. This led to a situation in which the mempool (the tail of the transactions of the Ethereum network) is flooded with low value transactions, including BRC-20 and ordinal.
DDOS Attack scenario: flooded Memppool
A potential DDOS attack could take advantage of this problem by crushing the Ethereum network with high value transactions, causing congestion and slowing down the entire protocol. This would have significant implications for users who are based on the Ethereum network, as well as on the wider cryptocurrency ecosystem.
Is it a real DDOS attack that occurs?
Unfortunately, yes. There are reports of ddos attacks aimed at Bitcoin nodes and mining pools, which could have cascade effects on the entire blockchain ecosystem. However, it is essential to note that these attacks are generally aimed at specific knots or pool operators rather than in a wider Ethereum network.
What can be done?
To mitigate this risk, it is possible to take different measures:
- Optimizing transaction commissions : improving transactions efficiency and reducing unnecessary commissions could help relieve congestion in memptool.
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- improves the safety of the node : the implementation of robust safety measures of the node, such as authentication to multiple factors and safe communication protocols, can help protect the nodes from ddos attacks.
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Conclusion
While a real DDOS attack on Bitcoin is currently not currently underway, the problem of high value transactions that flood the mempool has a significant concern. By understanding the underlying factors that contribute to this problem and implementing measures to mitigate it, we can work to create a safer and resilient cryptocurrency ecosystem.