Is Bitcoin Industry too Dependant on CloudFlare?
"Don't put all your eggs in one basket." A saying that most of us are familiar with. For those who don't know about it, it means don't be completely dependent on only one thing without factoring in the redundancies and contingencies. The same holds good for bitcoin industry as well. The bitcoin platforms are targeted regularly by hackers and they also attract a lot of DDoS attacks. In order to prevent unauthorised access and DDoS attacks bitcoin companies, both big and small depend on third party applications, in addition to their own security features. CloudFlare is one such service....
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Most bitcoin service providers currently use one single company for all their CDN and DNS services: CloudFlare Inc. Based in California, CloudFlare has access to all HTTPS traffic from multiple bitcoin services. Worse, CloudFlare also receives unencrypted traffic from these sites. This can provide internet black hats with the chance to attack all these bitcoin sites from one location. What's the problem? The use of one centralized network security company is simply irresistible to hackers and even government agencies looking to snoop around. If CloudFlare was hacked, bitcoin users would....
Content delivery network Cloudflare may be poised to accept bitcoin in the near future. Twitter user @CakeBet asked the company's CEO on Twitter whether or not they accepted bitcoin as a form of payment. "Not yet," responded Matthew Prince, who heads the company. Prince was then asked if there were any plans in the works with regard to adding bitcoin, and replied by noting that the company "promised" they'd integrate PayPal first. However, Cloudflare is looking to add both PayPal and bitcoin simultaneously. The announcement of acceptance could very well be a great thing for the company.....
PayBase security has been rightfully called into question after a security issue was revealed and fixed during launch on 12/30 after a delay. There were widely corroborated reports of a possible security issue in the morning of 12/31. According to GAW's public chat, the issue stemmed from the way CloudFlare handles cached data. CCN reached out to Joe Mordica, the CTO of GAWMiners, to find out exactly what happened and if there was any customer data compromised. Also read: Josh Garza Speaks on PayBase Launch. GAWMiner's Explanation of PayBase Security Issue. Could you tell CCN what....
Cloudflare, an internet services and DDoS protection company, has announced a new strategy regarding its Web3 experiments. The company revealed it will run Ethereum validator nodes as part of its commitment to help to scale the internet by using proof-of-stake (PoS) consensus technologies. This will ostensibly allow the company to access the energy efficiency and consistency of this technology.
Cloudflare to Enter Crypto via Ethereum
Cloudflare, one of the leading content delivery and DDoS mitigation companies, announced a new Web3 push that leverages Ethereum’s upcoming....