Relying on Centralized Databases Makes Dapps Vulnerable to Data Tampering Says Nate Holiday

Decentralized applications (dapps) are prone to information tampering due to the fact that they “are mostly built connected apical of centralized databases and services,” the CEO of Space and Time Nate Holiday has said. The CEO besides shared a database of information tampering risks which helium said are circumstantial to information warehouses.

Companies Relying connected Centralized Databases and Services

According to Nate Holiday, the CEO of decentralized information warehouse Space and Time, the caller draining of funds connected the defi (decentralized finance) lending level Lodestar Finance, and Axie Infinity’s Ronin web attack earlier that, are cardinal events reminding users that decentralized apps (dapps) are prone to information tampering. Although helium concedes that galore dapps are powered by blockchain, Holiday nevertheless claimed galore of these applications “are mostly built connected apical of centralized databases and services.”

As precocious reported by Bitcoin.com News, the hacker down the siphoning of $6.9 cardinal from Lodestar Finance had tampered with “the speech complaint of the plvGLP contract.” The hacker past followed this up by supplying the plvGLP collateral to Lodestar and borrowing each the disposable liquidity.

Commenting connected the caller information tampering incidents, Holiday said dapps, conscionable similar centralized concern organizations, tin person a azygous constituent of nonaccomplishment which makes them susceptible to hacks. This successful crook diminishes their entreaty to users, Holiday argued.

“Data tampering tin person catastrophic effects for dapp users. For example, if a decentralized concern exertion is leveraging a centralized database, information tampering. In the lawsuit of a decentralized societal media platform, information tampering could pb to harmful impersonations oregon the dispersed of mendacious oregon misleading information,” Holiday explained to Bitcoin.com News.

Single Point of Failure

Meanwhile, the Space and Time CEO besides shared a database of information tampering risks that are circumstantial to information warehouses and these see the hacking of centralized database systems and gaining unauthorized access. The usage of SQL injection techniques to manipulate data, and tampering with the database operation oregon schema are the different risks.

When asked to explicate wherefore helium advocates for decentralized blockchain-anchored information solutions, Holiday said:

“Decentralized architectures person nary azygous constituent of failure, and blockchain anchoring ensures that the information is unafraid and immutable. This architecture provides an perfect solution for decentralized applications that necessitate trustless interactions, specified arsenic those employed by fiscal services oregon proviso concatenation management.”

While helium is not anticipating a abrupt power to decentralized information services, Holiday insisted that “companies are becoming progressively alert of the request to integrate blockchain information into their concern models.” To assistance specified companies, the CEO said his institution helps “enterprises to onboard information from the centralized databases powering their businesses.”

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