Skip to main content

Featured

Binance joins Neo Council, 2.1 million NEO used to secure two Top 21 positions

Binance Staking has secured two positions on the Neo Council. At the time of press, Binance has voted with approximately 2.1 million NEO to secure its places in the Top 21. Binance is the world's largest custodial exchange with nearly US $9.07 billion in 24-hour volume, according to CoinCap.io. Binance Staking is a service that allows users to earn distributions offered on proof-of-stake or other networks that distribute rewards to participants. The platform provides two types of staking: flexible and locked. Flexible staking offers fewer rewards but allows users to move the underlying assets at any time. Locked staking requires users to deposit a token for a specific time frame but provides higher yields. For example, a minimum of 0.01 NEO locked for 15, 30, 60, or 120 days will earn increasing yields of 5.79%, 7.49%, 8.79%, and 13.56% (made in GAS distributions), respectively. In the announcement post, Neo Global Development said "Binance Staking's new membership in the ...
Post a Comment
Read more

Decentralized Internet Can Be the Answer to DDoS Problems



The recent DDoS attack on some of the major websites on the internet has renewed interests in the decentralized internet. While there are multiple initiatives concerning blockchain technology and decentralized network in development, the DDoS attack is expected to accelerate the process.

The CTO of Golem, Piotr Janiuk has recently explained that by decentralizing the internet using peer to peer technology the chances of such attacks can be minimized. He believes that the attack was a result of an attacker or a group of attackers exploiting one or more single points of failures on the internet.

One such decentralized internet project is known as SAFE Network where safe stands for Secure Access for Everyone. The SAFE Network is powered using the unused hard drive space, processing power and data connection of its users. It uses MaidSafe crypto tokens as a medium of exchange on the network. By distributing data and processing power across the network, decentralized internet platform ensures much higher security and privacy to its users.

MaidSafe's CEO David Irvine was quoted by a tech publication saying,
"DDOS depends on a target, in SAFE the target is everyone's computers. An analogy would be DDOS is like swatting a large fly, in SAFE the large fly is a mass swarm of mossies which makes it hard even with 8 arms filled with fly swatters."

DDoS attacks involve hitting a server with tons to requests with an intention of overloading it and shutting it down. By doing so, the attacker effectively brings down the applications running on that server. However, in the case of MaidSafe, the Opportunistic Caching feature creates copies of requested data. This, in turn, speeds up the websites and other data feeds as the number of requests increases. Such a feature can make conventional DDoS attacks ineffective against decentralized internet protocols.

Comments

Post a Comment