Cyber hacks and ransomware attacks are shaking the crypto community as it is, and now Sybil Attack is here to rough things up further. Only in the past few weeks, several cyber attacks have been reported chief among them is the Spanish Radio attack demanding $800,000 in Bitcoin ransom. And such incidents have not been scarce in the recent past. What is Sybil Attack? This term ‘Sybil Attack’ was introduced by a Microsoft researcher John Douceur, and as the same phenomenon of emulation, numerous identities can also take place in the blockchain system. The term Sybil Attack was derived from
