Hacking Countermeasure System for Distributed Ledger Security
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Solution Overview
Problem
The increasing frequency of blockchain hacks has resulted in significant financial losses, highlighting the need for a system that can effectively prevent and block such hacking attempts.
Innovation Solution
A system and method for preventing suspicious transactions in a distributed ledger, which includes a cryptocurrency owner, a hacking countermeasure system, and a blockchain network. The system checks the status of cryptocurrency wallets, identifies and blocks hacking transactions, and allows legitimate transactions to proceed, thereby preventing cryptocurrency theft.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If blockchain technology is used for decentralized cryptocurrency transactions, then transaction freedom and security are improved, but vulnerability to hacking attempts increases
Solution Approach 1:
The patent applies preliminary anti-action by implementing a monitoring system that proactively identifies and blocks suspicious transactions before they can execute harmful transfers. The system pre-establishes monitoring lists of suspicious addresses and actively counteracts potential hacking attempts by preventing transactions to these addresses, rather than reacting after damage occurs.
Solution Approach 2:
The patent introduces an intermediary monitoring system that sits between the blockchain network and transaction participants. This intermediary component analyzes transactions, compares them against monitoring lists, and blocks suspicious activities without compromising the decentralized nature of blockchain. The monitoring system acts as a mediator that enhances security while maintaining transaction freedom.
2Reliability
If monitoring systems are implemented to detect hacking transactions, then transaction security is improved, but system complexity increases
Solution Approach 1:
The patent segments the monitoring system into distinct functional modules: a list management module for maintaining monitoring lists of suspicious addresses, a transaction analysis module for examining incoming transactions, and a blocking module for preventing suspicious transactions. This segmentation allows each component to perform its specific function independently, simplifying the overall system architecture while maintaining comprehensive monitoring capability.
3Reliability
If all transactions are monitored and blocked suspicious activities, then cryptocurrency theft prevention is improved, but legitimate transaction processing efficiency decreases
Solution Approach 1:
The patent applies local quality by implementing targeted monitoring only for transactions involving addresses on the monitoring list, rather than uniformly scrutinizing all transactions. The system focuses its analytical resources on high-risk transactions while allowing normal transactions to pass through with minimal intervention, thereby maintaining processing efficiency while preventing theft.
Solution Approach 2:
The patent implements partial action by monitoring only the critical aspect of transactions (recipient address matching against suspicious lists) rather than analyzing every detail of each transaction. This selective monitoring approach provides sufficient security against hacking while avoiding the excessive processing burden that would result from comprehensive transaction analysis.
Data Source
AI summary
A system and method for preventing hacking of blockchain is proposed. The system includes a cryptocurrency owner configured to own a cryptocurrency wallet storing a cryptocurrency, a public key, and a private key, and capable of setting monitoring-subjected data and monitoring-excluded data, a hacking countermeasure system configured to check status of the cryptocurrency wallet by being connected to the cryptocurrency owner to receive the cryptocurrency and the public key, invalidate a hacking transaction when the hacking transaction matching the monitoring-subjected data is received, and allow the cryptocurrency to be traded by opening the cryptocurrency wallet with the private key and process transaction details into a block file when a monitoring-excluded transaction matching the monitoring-excluded data is received, and a blockchain network configured to receive the block file from the hacking countermeasure system and duplicate the block file into a plurality of block files to distribute and store each block file.