A replay attack is a type of cyber attack where an attacker intercepts and stores encrypted data or messages, then later resends them to trick a system into thinking it is a legitimate request. It's like a hacker replaying a recorded video to gain unauthorized access or control over a computer system or network.
Full definition
Around the potential fork time... the exchange will suspend bitcoin deposits and withdrawals due to potential technical risks such
as replay attacks and other issues that may cause network instability.
We really don't know yet how good is their replay protection, so you should avoid transactions for some days till the dust settles to
avoid replay attacks.
They are planning strong replay protection, so you probably won't have to worry
about replay attacks.
The resulting instability shows a high probability of some cryptocurrency traders losing funds due to exploits such
as replay attacks.
Part of the reason that the upcoming SegWit2X hardfork is so contentious is because it does not have protection
against replay attacks.
One of the biggest controversies about the fork is the lack
of replay attack protection, and bitcoin proponents have been quarreling about this issue for quite some time.
Before explaining the exact scheme of Replay Protection, it's important to understand
what replay attacks are first.
Those who are against Segwit2x believe if the developers do not
implement replay attack protection a malicious actor or group can replay transactions deceptively claiming coins on the other chain.
A good example of a hard forked ledger dealing
with replay attacks happened when Bitcoin Cash split away from the original Bitcoin blockchain.
This mechanism provides any individual holding Bitcoin, the safety that they will not
suffer replay attacks.
Over the past few months, Core developers and supporters have been vehemently against the block size increase but are also upset that the Segwit2x working group will not
add replay attack protection.
If you are a Bitcoin user and you want to protect yourself from
replay attacks after the 2x hard fork, you will want to disentangle your accounts on the two different ledgers: Bitcoin Core and Segwit2x.
A public notice issued by them last week revealed that the cryptocurrency exchange has not yet zeroed on any specific date and time for distribution of the new token as the same is contingent upon garnering stable miner hashpower,
sufficient replay attack protection and adequate protection from vulnerabilities.
It has become apparent that GDAX have suffered major
replay attacks in the early trading of the new hardfork (ETHF) clone.
All in all, BTG sounds like a well planned scam which would set up a good ground
for replay attacks designed to steal from unsuspecting and / or greedy investors.
The first case covers contracts that are accidentally created with no code, as well as some losses due to
replay attacks where a contract was created on ETC, funds sent on ETH but the contract not created on ETH; the second case covers losses due to an old ethereum javascript library that incorrectly computed ethereum addresses.
HONG KONG — 23 OCTOBER 2017 — Gatecoin will not be supporting the upcoming SegWit2x (B2X) hard fork in November due to the lack of two - way
transaction replay attack protection coded into this proposed software «upgrade.»
One of the best techniques to
avert replay attacks is to use strong digital signatures with timestamps.
While replay attacks have happened in the past on the Bitcoin network, they were small scale and never really had any major effects.
«We also encourage the ETC community to consider adopting a secondary hard fork to change transaction formats to make
further replay attacks impossible.»
In order to
prevent replay attacks leading to a loss of either BTC or BCC, the OKCoin International technical team will be conducting extensive testing, and the resumption of deposits and withdraws may be earlier or delayed.
However, this wasn't without mishaps; Ethereum experienced a number
of replay attacks after the fork.
In order to prevent
replay attacks leading to a loss of either BTC or BCC, the OKEx technical team will be conducting extensive testing, and the resumption of deposits and withdraws may be earlier or delayed.
You need to be saying, «No I am the «true bitcoin» I'm going to defeat you — You should
implement replay attack protection against me.»
Now the million dollar question is: What do you need to do to
avoid replay attacks and access your free BCD coins?
That was a disaster because there was not enough provision in the software to deal
with replay attacks and it cost a lot of exchanges money,» Antonopoulos added.
Other techniques used
against replay attacks include sequencing of messages and non-acceptance of duplicated messages.
More
about replay attacks in the sections below, but our recommendation is to steer clear of BTG or wait for at least 3 - 4 weeks before starting to trade it.
In a public notice last week, the exchange revealed it hadn't determined a specific date and time for distributing the new cryptocurrency, contingent on determining if the new token has
sufficient replay attack protection, a stable miner hashpower and adequate protection from vulnerabilities.
It's a shitcoin but remove replay attacks
As such, the company will be suspending Bitcoin and its tokens USDT, MAID and AMP deposits and withdrawals from July 31st till August 2nd to protect users
from replay attacks and network instability.
This mechanism provides any individual holding Bitcoin, the safety that they will not
suffer replay attacks.
In the case with the August 1st Bitcoin Cash hard fork, developers had implemented
replay attack protection to avoid this problem.
He claims that they then «began work to nullify
the replay attacks.»
Coinbase's Charlie Lee said via Slack that the Ethereum Foundation advised the payment processor not to guard against
the replay attacks.
In a blog post, Coinbase CEO Brian Armstrong claims that the exchange anticipated
the replay attacks, but didn't expect ethereum classic to be so popular.
Due to
a replay attack, the exchange lost more than 40,000 ETC..