TrustMarketHub


!!

REGISTRATION IS ON

Click on the button at the top left to login if already Registered or Register a new account to start earning!

* *

Recent Topics

Site News

We are glad to inform you that our Bounty program has commenced. Register now to qualify for Free TMH Token worth $10.

click here  You are not allowed to view links. Register or Login

TMH SHOUTBOX

Please Keep Clean from Spam


TrustMarketHub:
2019 Dec 02 15:14:45
Kindly change the language settings on your profile
rardSmera:
2019 Dec 02 10:18:31
i am from Italy hello. Can you help me translate? /rardor
TrustMarketHub:
2019 Nov 20 07:57:59
preferibilmente l'inglese
rardSmera:
2019 Nov 18 12:16:58
posso usare l'italiano or english
Delgboke:
2019 Nov 05 20:19:55
Hello everyone we can do better
TrustMarketHub:
2019 Oct 28 01:47:29
The troll is open to everyone for chat
rardSmera:
2019 Oct 26 11:47:06
hi :) bross :)
Delgboke:
2019 Oct 24 15:11:22
good evening all
Jonesss:
2019 Oct 22 23:56:24
Good Project
gede06:
2019 Oct 21 21:18:39
good 
Delgboke:
2019 Oct 19 04:12:37
good morning everyone hope you had a good sleep
TrustMarketHub:
2019 Oct 18 12:53:25
Good day buddy. How is it going over there??
Delgboke:
2019 Oct 18 00:25:04
you are welcome to another beautiful morning
Delgboke:
2019 Oct 18 00:24:23
you are welcome to another beautiful morning
Jenkins:
2019 Oct 17 06:30:18
Thanks Admin
TrustMarketHub:
2019 Oct 17 06:15:02
Welcome to our community.
Jenkins:
2019 Oct 17 06:07:19
Hello there, morning everyone
Delgboke:
2019 Oct 17 04:04:55
am happy to have discover TMH
Delgboke:
2019 Oct 17 04:02:47
good morning to all
Jenkins:
2019 Oct 14 18:15:27
Who's in for a chat?? I 🤣
TrustMarketHub:
2019 Oct 11 19:20:41
Welcome everyone
AnnurBayu:
2019 Oct 10 19:38:26
im join sir...
Fxortrader:
2019 Oct 06 16:10:59
Hello all
TrustMarketHub:
2019 Aug 30 21:06:18
More updates coming!
TyanAirdrop:
2019 Apr 08 11:20:36
hello to All Community

Ever heard of Dusting Attack?

TrustMarketHub

  • Administrator
  • Hero Member
  • *****
  • Building one Global Jobs, Products & services Hub
    • Trustmarkethub
If you’ve received a small amount of BTC and aren’t sure where it came from, you may be a victim of a dusting attack. Learn how they may affect you.

A dusting attack refers to a new kind of malicious activity where hackers and scammers try and break the privacy of Bitcoin and cryptocurrency users by sending tiny amounts of coins to their personal wallets. Many Bitcoin adepts operate under the assumption that their anonymity is well protected against efforts to infiltrate their transactions, but unfortunately, that is not the case.



Dust Definition
In the language of cryptocurrencies, the term dust refers to a tiny amount of coin or token - an amount that is so small that people tend to ignore. Taking Bitcoin as an example, the smallest unit of the currency is 1 satoshi (0.00000001 BTC) and we could refer to a couple hundreds of satoshi as dust.

In other words, dust is a tiny transaction or amount that is not even worth sending because it is much smaller than the transaction fees. Within cryptocurrency exchanges, dust is also the name we give to tiny amounts of coins that “get stuck” and are not tradeable.

Most people do not take notice of their wallet’s dust and rarely worries about its origin. Until recently, it was totally okay to not pay attention to these tiny amounts on your wallets, but with the creation of dusting attacks, we can no longer say that.



Dusting Attack
Scammers recently realized that Bitcoin users do not pay much attention to these tiny amounts showing up in their wallets, so they began "dusting" a large number of addresses by sending a few satoshis to them. They then started to track those funds and all transactions of those dusted wallets, which allowed them to link addresses and to eventually determine the companies or individuals behind those wallet addresses. This knowledge can later be used to construct targeted phishing attacks or attacks such as cyber-extortion on unaware victims.

Dusting attacks were initially performed with Bitcoin but they are also happening with other cryptocurrencies that are running on top of a public and transparent blockchain.

In late October 2018, developers of the Bitcoin's Samourai wallet announced that some of their users were under dusting attack. The company sent out a tweet warning their users and explaining how they could protect themselves. In order to protect their users against dusting attacks, the wallet now offers a real-time alert for dust tracking as well as a “Do Not Spend” feature that enables the users to mark those suspicious funds and avoid using them in future transactions.

If a dust fund is not moved, attackers are not able to make the connections they need to "de-anonymize" the users of that wallet or the address owner. Samourai wallet already has the ability to automatically report transactions below the limit of 546 satoshis, which offers some level of protection. This limit is automatically adjusted by the software based on current market conditions.



Bitcoin Pseudonymity
Since Bitcoin is open and decentralized, anyone is able to set up a wallet and join the network without providing any personal information. Although all Bitcoin transactions are public and visible, it is not always easy to find the identity behind each public address or transaction and this is what makes Bitcoin somewhat private - but not completely.

Peer-to-peer (P2P) transactions, which are the ones made between two parties (without the involvement of any intermediary) are more likely to remain anonymous. Noteworthy, Bitcoin users are supposed to use each wallet address only once, as a way to preserve their privacy.

However, most cryptocurrency adepts and traders make use of third-party exchanges and will eventually have their personal wallets linked to their exchange wallets, and thus, linked to their personal information. Hence, if you are into cryptocurrency trading, it is important to choose a trustworthy and secure exchange.

Therefore, it is important to keep in mind that, unlike many tend to believe, Bitcoin is not really an anonymous cryptocurrency. Besides the recently created dusting attacks, there are many companies, research labs, and governmental agencies performing blockchain analyses as a way to de-anonymize the blockchain.



Other Privacy and Security Concerns
While the Bitcoin blockchain is nearly impossible to hack, the wallets are a weak link in this cryptocurrency chain. Since users do not give up their personal information when they create an account, they cannot prove theft if some hacker gains access to their coins - and even if they could, that would be useless.

In fact, trying to follow up on Bitcoin theft is a futile enterprise for victims of that crime. If you hold Bitcoins in a personal wallet, which only you have access, then you are acting as your own bank and there is nothing you can do in case you lose your keys or your coins get stolen.

Privacy gets more and more valuable every day. Not only for the ones that have something to hide but for all of us. It is even more valuable for cryptocurrency traders and investors.

Along with dusting and other de-anonymizing attacks, you should also be wary of the other security threats that are evolving very quickly in the cryptocurrency space, such as Cryptojacking, Ransomware, and Phishing. Moreover, you should consider installing a VPN along with a trustworthy antivirus in all of your devices. Also, make sure to encrypt your wallets and to store your keys inside encrypted folders.