As a novel, promising technology looking to make its name by improving existing infrastructure, the security of a blockchain system is paramount. With a barrage of high-profile hacks and manipulated vulnerabilities in source code, it’s evident that many crypto projects had chosen to focus on decentralization and scalability, leaving security behind. Not so with Electra Protocol!
Blockchain ecosystems, for all their upsides, hinge on the strength of the underlying source code — like anything else, it must be carefully examined and tested. Due to the transparent nature of the source code on platforms like GitHub and the potentially lucrative benefits one can receive from conducting a successful attack, blockchains have become prime targets for hackers.
While scalability focuses on the upside, security prevents the downside — something just as important, but all too often forgotten. That’s why blockchain projects should not just be able a large number of transactions, but also resist attacks such as a possible Sybil attack, a 51% attack, or a denial-of-service attack.
Electra Protocol found the right balance in providing a decentralized, scalable, and secure blockchain network. The network is usually secured by more than 500 nodes.