Explain the Concept of a "Sybil Attack" in the Context of Oracle Networks ▴ Learn

Explain the Concept of a “Sybil Attack” in the Context of Oracle Networks.

A Sybil attack occurs when a single malicious entity creates and operates numerous fake identities (Sybil nodes) within the oracle network. The goal is to gain a disproportionately large influence over the aggregated price feed, allowing the attacker to manipulate the final reported price.

Robust identity verification and high staking requirements are used to defend against this.

What Is a “Sybil Attack” and How Does It Differ from a 51% Attack?

What Is a ‘Sybil Attack’ in the Context of DAOs?

What Is a “Sybil Attack” and Why Is It Less Effective on a Consortium Chain?

Define ‘Sybil Attack’ in a Decentralized Network Context