Defence mechanisms and mitigation strategies

Hyper Chain's attempts to protect user assets

Cryptographic techniques

Hyper Chain relies on a combination of cryptographic techniques to ensure its security.

One of the primary methods used is zero-knowledge proofs (ZKPs), which allow users to prove the validity of a statement without revealing any additional information. That is, every single transaction is verified by a smart contract on the Ethereum mainnet, thus no validator can ever move the system into an incorrect state or take users' funds.

Other cryptographic techniques used in Hyper Chain include elliptic curve cryptography (ECC) and hash functions. ECC is used for key generation, digital signatures, and encryption, while hash functions are employed for data integrity verification and preventing tampering with transactions.

In addition to these techniques, Hyper Chain also employs various security measures such as multi-party computation, secure enclaves, and hardware security modules to further enhance the security of the platform. Overall, the combination of these cryptographic techniques and security measures is intended to ensure that Hyper Chain is a secure and reliable platform for decentralized applications (dApps) and cross-chain bridging.

Auditing and monitoring processes

Hyper Chain has been carefully constructed, with audits conducted by multiple internal and external parties, and is continuously subjected to review and testing according to engineering best practices.

Security audits (link) are being conducted before each major update.

Risk assessment

A comprehensive risk assessment of Hyper Chain would involve a systematic analysis of the potential threats and vulnerabilities associated with the platform, as well as the potential impact and likelihood of these risks occurring. The following steps can be taken to perform a risk assessment:

1. Identify: Identify the assets that are being protected by the system, such as user funds, sensitive data, or intellectual property. Identify the potential threats to the system, considering both internal and external threats. Identify the potential vulnerabilities in the system.

2. Assess: Assess the likelihood of each threat occurring, based on historical data, expert opinions, or other relevant factors. Assess the potential impact of each threat, and then determine the level of risk associated with each threat by multiplying the likelihood and impact.

3. Solve: Prioritize the risks based on their level of risk, potential impact, and likelihood of occurrence. Develop a risk management plan that includes strategies for mitigating, avoiding, or accepting each risk. Implement the risk management plan and regularly review and update it as necessary.

Overall, while there are potential risks associated with using Hyper Chain, the platform has been designed to mitigate these risks to the greatest extent possible, and is committed to continuously improving the security and stability of the platform.

Bug bounty program

Bug bounties play a crucial role in safeguarding open-source blockchain networks by motivating security researchers and ethical hackers to identify and report vulnerabilities.

For more information, please read bug bounty page in the developer doc.