18 Apr '17, 4pm

Internet routing weakness could cost Bitcoin users

Internet routing weakness could cost Bitcoin users

by Danny Bradbury 0 Share on Facebook Share on Twitter Share on Google+ Share on LinkedIn Share on Reddit Researchers have found, what they claim is, a way to attack the bitcoin network using a weakness in the way the Internet operates. The exploit , created by researchers at Swiss university for science and technology ETH Zurich , relies on the fact that a key piece of the Internet’s underlying technology, called the Border Gateway Protocol (BGP), is broken. The Internet is a network of networks, known as autonomous systems (AS). BGP is used to route traffic between them. Most users will never need to use it, but your ISP needs it to tell traffic where to go. This all works well, assuming your ISP is trustworthy. But, what happens if it isn’t? Like much of the rest of the Internet, BGP was developed by trusting souls; collegial types, interested in solving technical probl...

Full article: https://nakedsecurity.sophos.com/2017/04/18/internet-rout...

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