Blockchain Variables and Possible Attacks: A Technical Survey

Blockchain technology has rapidly evolved as a cornerstone of decentralized computing, transforming how trust, data integrity, and transparency are achieved in digital ecosystems. However, despite extensive adoption, significant gaps remain in understanding how key blockchain variables, such as block size, consensus mechanisms, and network latency, affect system vulnerabilities and susceptibility to cyberattacks. This survey addresses this gap by combining qualitative and quantitative analyses across multiple blockchain environments. Using simulation tools such as Ganache and Bitcoin Core, and reviewing peer-reviewed studies from 2016 to 2024, the research systematically maps blockchain parameters to cyberattack vectors including 51% attacks, Sybil attacks, and double-spending. Findings indicate that design choices like block size, block interval, and consensus type substantially influence resilience against attacks. The Blockchain Variable Quantitative Risk Framework (BVQRF) introduced here integrates NIST’s cybersecurity principles with quantitative scoring to assess risks. This framework represents a novel contribution by operationalizing theoretical security constructs into actionable evaluation metrics, enabling predictive modeling and adaptive risk mitigation strategies for blockchain systems.