Crypto Terms:
Letter S
What is Side-Channel Attack?
Meaning:
Side-Channel Attack -
a hacking method that relies on information obtained from a computer system’s performance rather than flaws in the algorithm itself.
Let's find out Side-Channel Attack meaning, definition in crypto, what is Side-Channel Attack, and all other detailed facts.
A side-channel attack is a type of hacking that depends on data gathered from the performance of a computer system rather than faults in the algorithm itself. These attacks exploit simple computer outputs that appear to be harmless such as timing data, power consumption, electromagnetic leakage, and even sound. Every computer is susceptible to revealing information about its processes because they give off sounds, light signatures, and other indicators that can be used to communicate what is going on.
In the world of cryptocurrency, side-channel attacks could be used to detect when a private key is being inserted into a hardware wallet because it emits a stronger signal. Overall, if the information is not adequately protected, hackers can use the attacks to obtain nearly any type of information. Even the most encrypted networks can be harmed if they don't account for what happens beyond the electronic codes that carry out operations.
settlement layer<\/strong><\/a> that gives the possibility for traders and trading platforms to experience quicker and more concealed transactions as well as virtual asset development. Liquid Network is tied to <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin, which implies that Bitcoin is the primary chain. Therefore, only activities connected to Bitcoin can be executed in it.<\/p>\n<p>Sidechain envisions a worldwide decentralized network of many blockchains, each with its own system of laws, objectives, and features that stay separate from one another while forming one smooth environment.<\/p>\n<p>Another example is Ethereum 2.0, which has its own variant of sidechains known as <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-shard-chain/">shard chains<\/strong><\/a>. These are linked to a newly formed <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-beacon-chain/">Beacon Chain<\/strong><\/a>, which intends to eventually become the primary chain of Ethereum's <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-proof-of-stake-pos/">Proof-of-Stake protocol.<\/p>\n<p>Besides, based on the functions they are developed for, <strong>sidechains can come in several forms<\/strong>. Even though Rootstock, as well as Liquid, are both Bitcoin sidechains, they operate very distinctively from one another. For instance, Rootstock is particularly developed to conduct <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-smart-contract/">smart contracts<\/strong><\/a> in a more effective manner.<\/p>\n<h3>How Does a Sidechain Work?<\/h3>\n<ul>\n<li>To begin, the main chain user is required to <strong>transmit coins or other virtual assets to an<\/strong> <strong>output address<\/strong> where they are sealed as unspendable in any other place.<\/li>\n<li>When the transaction is accomplished,<strong> a verification is sent through the chains<\/strong>. This is accompanied by a waiting time to provide additional protection.<\/li>\n<li>Following that, the <strong>coins or assets are entirely moved to the sidechain<\/strong>, allowing participants to easily shift them around on the new network.<\/li>\n<\/ul>\n<p>It should be noted that if the user wishes to return the coins to the main chain, he merely needs to reverse the operation.<\/p>","definition":"a blockchain ledger that runs in parallel to a primary blockchain and has two-way connectivity between the two chains.","status":"published","meta_title":"What is Sidechain? Definition & Meaning | Crypto Wiki","meta_description":"Sidechain meaning: Sidechain - is a blockchain ledger that runs in parallel to a primary blockchain and has two-way connectivity between the two chains.","meta_keywords":null}"
:prev-section="{"id":732,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Short_(finance)","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-11-10T18:44:14.000000Z","slug":"what-is-short","title":"What is Short?","section":"S","keyword":"Short","content":"<p><strong>Short <\/strong>is a<strong><a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cryptocurrency/"> cryptocurrency<\/a> trading strategy<\/strong>. When <strong>someone says they’re “going short” it means that they will be betting against the cryptocurrency’s favor<\/strong> and expect the prices to decrease. <\/p>\n<p>For instance, a trader borrows an asset in hopes that its price goes down. If everything plays out as the trader intended, they will purchase the asset at the new price only to return it to the lender. The remaining money is kept as profit.<\/p>","definition":"is a term used to describe a cryptocurrency trading strategy where the trader borrows an asset in hopes that they can profit from a decrease in price.","status":"published","meta_title":"What is Short? Definition & Meaning | Crypto Wiki","meta_description":"Short meaning: Short - is a term used to describe a cryptocurrency trading strategy where the trader borrows an asset in hopes that they can profit from a decrease in price.","meta_keywords":null}"
:model="{"id":690,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Side-channel_attack","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-11-10T18:44:03.000000Z","slug":"what-is-side-channel-attack","title":"What is Side-Channel Attack?","section":"S","keyword":"Side-Channel Attack","content":"<p>A <strong>side-channel attack<\/strong> is a type of <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-hacking/">hacking that depends on data gathered from the performance of a computer system rather than faults in the algorithm itself. These attacks <strong>exploit simple computer outputs<\/strong> that appear to be harmless such as timing data, power consumption, electromagnetic leakage, and even sound. Every computer is<strong> susceptible to revealing information<\/strong> about its processes because they give off sounds, light signatures, and other indicators that can be used to communicate what is going on. <\/p>\n<p>In the world of <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cryptocurrency/">cryptocurrency, side-channel attacks could be used to detect when a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-private-key-secret-key/">private key<\/strong><\/strong><\/a> is being inserted into a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-hardware-wallet/">hardware wallet<\/strong><\/a> because it emits a stronger signal. Overall, if the information is not adequately protected, hackers can use the attacks to obtain nearly any type of information. Even the most <strong>encrypted<\/strong> networks can be harmed if they don't account for what happens beyond the electronic codes that carry out operations.<\/p>","definition":"a hacking method that relies on information obtained from a computer system\u2019s performance rather than flaws in the algorithm itself.","status":"published","meta_title":"What is Side-Channel Attack? Definition & Meaning | Crypto Wiki","meta_description":"Side-Channel Attack meaning: Side-Channel Attack - a hacking method that relies on information obtained from a computer system\u2019s performance rather than flaws in the algorithm itself.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}"
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current-chapter="S"
current-section="what-is-side-channel-attack">
