Bitcoin’s Security in the Internet of Things
Bitcoin private keys often find themselves residing in devices populating the Internet of Things. The number of these devices continues to grow exponentially. Today, billions of devices are seamlessly interconnected in the Internet of Things cloud, collecting and sharing data all over the world. They are also performing a variety of tasks, including....
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Industrial giant G.E. has announced the new Internet revolution: The Industrial Internet of Things. G.E. promises the Industrial Internet will bring a new wave of digital products, which combines “Machine-to-Machine (M2M) communication, industrial Big Data analytics, technology, cyber security and automation.” The Industrial Internet, if successful, will....
The Internet of Nano Things (IoNT) is spreading fast, greatly enhancing the mighty Internet of Things. IoNT focuses on the interconnection of minuscule devices ranging from one to a few hundred nanometers that can access the Internet. Breakthroughs in Light Fidelity (Li-Fi) networks, radio frequency identification (RFDI), and nano-antenna technology are....
To put this potential into perspective, Mirai is capable of pulling in several hundreds of thousands of bots from IoT devices. Security researchers have come across the source code for the Internet of Things botnet called Mirai. This botnet has been used to launch major DDoS attacks against various websites. Such a powerful tool could be used to shut down nearly any public website in existence today. Now that the source code has been leaked, it becomes a lot easier to render the botnet useless. Connecting millions of devices to the Internet sounds great on paper, but it creates a big....
Bitcoin adoption in a mainstream capacity can only benefit from the efforts being made in the Internet of Things industry. As more and more devices learn to communicate with each other through mesh networks, payment solutions will have to evolve as well. Bitcoin is perfectly suited for microtransactions, and when this world collides with the Internet of....
Bitcoin and Internet of Things (IoT) are the two buzz words in the tech sphere at the moment. Bitcoin is something which we always keep talking about on this site. Internet of Things, not so much. But with the introduction of Bitcoin 2.0 and other upcoming alternatives like Ethereum, we will be forced to discuss about IoT soon. After all, the IoT will be made possible by Bitcoin technology in the coming days. What is Internet of Things? Internet of Things (IoT) is a concept where the objects and equipment area embedded with electronic sensors to create a network. These "smart" equipment....