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Following the Altair upgrade on the Ethereum network, the protocol’s native cryptocurrency reached a new all-time price high. Altair is the next step for the Ethereum’s network’s proof-of-stake (PoS) transition. However, a recently submitted white paper explains that a group of computer scientists from Stanford University and the Ethereum Foundation believe there are three attack vectors “on [a] proof-of-stake Ethereum” blockchain.
The 3 Attacks Against Ethereum Thesis Aims to Describe a Proof-of-Stake Problem Based on Evidence
The Ethereum network currently has a proof-of-work (PoW) consensus mechanism and in time, the protocol plans to fully transition into a proof-of-stake (PoS) network. Recent upgrades like Berlin, London, and Altair have been applied to help smooth the transition toward the PoS goal. Just recently, after Altair was implemented, the price per ether skyrocketed toward a new all-time high (ATH) at $4,467 per unit.
At the same time, network transfer fees have also swelled significantly as high as $50 for the average ether transaction on Saturday morning. Furthermore, on Saturday morning in the U.S. vertical trends from Twitter indicate the term “ETH 2.0” started trending. Some of the individuals discussing the ETH 2.0 upgrade have shared a new white paper written by computer scientists from Stanford University and the Ethereum Foundation.
The BTC proponent Tuur Demeester shared the paper on Saturday and two quotes from the paper that theorize how an adversary can attack the chain. The paper called “Three Attacks on Proof-of-Stake Ethereum” was submitted on October 19.
“With 99.6% probability an adversary with .09% stake can execute a 1-record for any given day”
— Tuur Demeester (@TuurDemeester) October 30, 2021
The white paper was authored by Caspar Schwarz-Schilling, Joachim Neu, Barnabé Monnot, Aditya Asgaonkar, Ertem Nusret Tas, and David Tse. Essentially, the white paper reveals that two Ethereum network attacks were presented in recent times and the paper’s authors refined the techniques.
In addition to the refinement of the first two which theoretically create “short-range reorganizations” and an “adversarial network delay,” the computer scientists came up with a third attack.
“Combining techniques from both refined attacks, we obtain a third attack which allows an adversary with vanishingly small fraction of stake and no control over network message propagation (assuming instead probabilistic message propagation) to cause even long-range consensus chain reorganizations,” the paper’s authors note. The three attacks to ETH PoS paper adds:
Honest-but-rational or ideologically motivated validators could use this attack to increase their profits or stall the protocol, threatening incentive alignment and security of PoS Ethereum. The attack can also lead to destabilization of consensus from congestion in vote processing.
White Paper Says Attacks ‘Also Enable aPriori Malign Actors to Outright Stall Consensus Decisions’
Meanwhile, Ethereum network critics used the paper to highlight the possible vulnerabilities associated with these attacks when the network transitions to a full PoS system. The founder of the Chia project and the creator of Bittorrent, Bram Cohen, also tweeted about the new study on Saturday.
Some issues with ETH2 consensus “we obtain a third attack which allows an adversary with vanishingly small fraction of stake to cause even long-range consensus chain reorganizations” https://t.co/Vz3KG3ai1W
— Bram Cohen🌱 (@bramcohen) October 30, 2021
A Chia proponent responded and told Cohen: “Let’s revisit your tweet in a year and see what Chia has accomplished vs ETH. Please consider your attitude is turning away community members like myself.” The Ethereum attacks paper does provide a possible method of attacks against an Ethereum PoS chain, but also offers solutions. The paper’s authors believe the attacks provide incentives to malicious actors.
“Our attacks also enable apriori malign actors, perhaps ideologically motivated, to delay and in some cases outright stall consensus decisions,” the paper’s authors conclude. “The refined attack of Section 4.2 gives the adversary a tool to do just that, even if the adversary cannot control message propagation delays (which instead are assumed to be probabilistic).”
What do you think about the recently published paper on three attacks against an Ethereum PoS system? Let us know what you think about this subject in the comments section below.
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This article shown on news.bitcoin.com bitcoin.comAuthor Jamie Redman on date 2021-10-31 05:30:18bitcoin.com Digital money that’s instant, private and free from bank fees. Download the official Bitcoin Wallet app today, and start investing and trading in BTC follow for more