A Sybil Attack is a common form of attack on a blockchain network. Sybil Attacks, a familiar threat for peer-to-peer networks, are attacks in which a malicious entity takes over control of a network by creating a large number of mirroring pseudonymous entities, thus enabling the attacker to seize control of voting or consensus mechanisms.
One of the methods of establishing Sybil-resistance within a network is to set an economic cost as a barrier to entry to the network. This dissuades potential attackers from launching a Sybil Attack by making the cost of creating those mirror entities too high for the attack to be economically feasible.
→ View more terminology.
Bison Trails is a blockchain infrastructure platform-as-a-service (PaaS) company based in New York City. We built a platform for anyone who wants to participate in 25 new chains effortlessly.
We also make it easy for anyone building Web 3.0 applications to connect to blockchain data from 33 protocols with Query & Transact (QT). Our goal is for the entire blockchain ecosystem to flourish by providing robust infrastructure for the pioneers of tomorrow.
In January, 2021, we announced Bison Trails joined Coinbase to accelerate our mission to provide easy-to-use blockchain infrastructure, now as a standalone product line. The Bison Trails platform will continue to support our customers. With Coinbase’s backing, we will enhance our infrastructure platform and make it even easier to participate in decentralized networks and build applications that connect to blockchain data.