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Sybil Attack It is the attack where the attacker creates multiple virtual identities and fills the network with their control. In this case, many miners are likely to connect to the attacker node. The primary target for this attack is Bitcoin network, miners and users. The possible countermeasure done for this attack is by using a two- party mixing protocol which is presented by G. Bissias and his team in 2014. [31]. DDoS attack The DDoS attack is termed as Distributed Denial of Service attack. It is a collaborative attack done by attackers to exhaust the network resources. It is done by sending so many data to the network so that it cannot process normal Bitcoin transaction. The primary target in this attack is Bitcoin currency exchanges, eWallets, and mining pools. There are several countermeasures applied to prevent this attack like, Restricting the block size to 1 Mb. Restricting the maximum number of signatures checks a transaction input may request. Fast verification signature-based authentication Proof of activity protocol [33] 37PDF Image | Analysis of Bitcoin Cryptocurrency and Its Mining Techniques
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