Will The Blockchain Be the New Database In 2015 and Beyond?
The Blockchain. In an article appearing on the Startup Management website, author William Mougayar argues that the blockchain technology might radically change the way software engineers develop applications in the future. According to Mr. Mougayar, the technology behind the blockchain represents a completely different paradigm in software design. Five concepts come into play that would enable the new computing paradigm. They are the blockchain, decentralized consensus, trusted computing, smart contracts and proof-of-work/stake. These concepts will play a decisive role in developing the....
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The database of BitcoinTalk.org, a popular Bitcoin forum founded and moderated by the Reddit Bitcoin moderator Theymos, is being sold on the dark web. In May 2015, BitcoinTalk announced that its server was compromised due to social engineering against ISP NFOrce, a type of confidence trick utilized to gather information, fraud, or a system breach. The database compromised from the 2015 security breach was stolen by the dark web vendor “DoubleFlag,” the same identity initiating the sale of the recently compromised database of Dropbox. The BitcoinTalk.org database being sold on the dark web....
A public service announcement for anyone trying to use the Blockchain.info website this evening. The site, as you may have noticed, is down - showing "We Will Be Back Shortly" to anyone who visits. According to Blockchain.info, the downtime relates to a database issue: We are experiencing a database issue at the moment and may take a several hours to come back fully online. Sorry for the inconvenience! Thankfully, Blockchain.info has a very competent and experienced staff, so it should only be a short matter of time before services are restored to a normal state. In the meantime, if you're....
Ascribe has announced the release of BigchainDB, a scalable blockchain database that can process 1 mln writes per second. Their first licensed user is Everledger, a diamond industry ledger. Why a scalable blockchain? In their press release, BigchainDB is described as a ledger which can “achieve one million writes per second with sub-second latency and petabytes of capacity in a federated blockchain database”. The platform will also allow “developers and enterprises to deploy blockchain applications and platforms at scale, formerly a limiting factor in getting sandbox proof-of-concepts into....
Over the course of recent years, database breaches have become a more common occurrence than ever before. As technology evolves, hackers and assailants come up with new ways to exploit any vulnerability present in software solutions. At the same time, the technology used to store sensitive information has not evolved much. Proper solutions will have to....
Will 2015 be the year of the Decentralized Bitcoin exchange? 2014 and the very beginning of 2015 has seen major problems for two mighty Bitcoin exchanges: Bitstamp and Mt. Gox. Untold numbers of holders lost in excess of $500 million between the two failures, both of which appear to have been initiated by internal enemies to the exchange with nothing but greed for a motive. Also read: Mt. Gox As a Lesson in a New Kind of Inflation. Removing the Element of Trust from Bitcoin Exchanges. Daniel Larimer, one of the founders of BitShares, believes that decentralized exchanges using the....