ChainSafeguard

Elevator Pitch: ChainSafeguard protects the integrity and profitability of blockchain networks by harnessing cutting-edge research to detect and mitigate stealthy selfish mining attacks, offering a new standard in crypto-security.

Concept

Cybersecurity platform for detecting and mitigating selfish mining in blockchain networks

Objective

Provide crypto networks with security solutions that prevent profit erosion due to undetectable selfish mining attacks.

Solution

Use the researchers’ findings to develop advanced algorithms that monitor blockchain networks for statistically undetectable selfish mining activities and alert network participants.

Revenue Model

Subscription-based service for crypto networks, transaction-based fees, or offering APIs for integration with existing security systems.

Target Market

Cryptocurrency exchanges, blockchain networks, mining pools, and individual miners.

Expansion Plan

Initially focus on Bitcoin and Ethereum, then expand to other cryptocurrencies and blockchain applications.

Potential Challenges

Staying ahead of evolving selfish mining tactics, ensuring false-positive rates are low, and gaining trust within the crypto community.

Customer Problem

Loss of revenue and trust for miners and networks due to undetectable selfish mining.

Regulatory and Ethical Issues

Compliance with global cybersecurity regulations, ensuring user data privacy, and operating with transparency in the crypto ecosystem.

Disruptiveness

Provides a new level of blockchain network security, potentially restoring trust in the system’s fairness.