THE OPPORTUNITIES OF UNCERTAINTIES: FLEXIBILITY AND ADAPTATION NEEDED IN CURRENT CLIMATE Volume II (ICT and Engineering)

Book excerpt: IOTA is a novel cryptocurrency that uses distributed ledger technology based on directed acyclic graph data structure. Security of cryptocurrencies ought to be scrutinized in order to acquire esteemed security, attain trust, and accomplish indelible adoption. Although IOTA prefers resilient security controls, IOTA security is not yet well explored. Among all the propounded IOTA vulnerabilities that have been identified, we pragmatically exploit replay attack against IOTA. It further analyze the attack to perceive its impact. Attack methodology and proof of concept for the replay attack is presented. Our proposed exploitation methodology is based upon address reuse, while IOTA in default mode does not reuse addresses. Distrust and privation of balance can be some of the severe impacts of this vulnerability. This system introduces the Crypto Terminal, a new open device for securing blockchain wallets.