How the development of Blockchain affected cybersecurity

Abstract

Abstract This research gives a brief insight into one of the most widely used technologies known as Blockchain. The paper lays the groundwork of how Blockchain functions and how it has quickly become a network with millions of users throughout the world. This study discusses the most important use of Blockchain technology, which is the enhancement of the cyber-security industry. Blockchain has revolutionized the cyber-security industry by introducing a system which is not bound to any four walls and is widely distributed all around the world, seeking refuge on millions of user servers. This decentralized system helps Blockchain defend cyber networks against security threats and attacks such as malware, phishing attacks, and DDoS.