Is a Decentralized Internet the Solution to Outages?
“Attacks that we witnessed today were possible mainly because there is a centralized infrastructure which could have been targeted,” said Piotr Janiuk, CTO of Golem, which seeks to decentralize the internet using peer-to-peer technology. “The attack itself isn’t easy to carry out, but it is obvious that even the backbone infrastructure behind the Internet contains single points of failure which are prone to such malicious activity – even though the infrastructure may comprise multiple machines. As of today, the trend is to move towards distributed solutions and the main problem is the lack....
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In the past year, internet giants like Amazon and Google all experienced outages which were blamed on errors and failed upgrades. The occurrence of such outages and their impact around the world again highlighted the importance of having a decentralized internet.
Also, just like how the Covid-19 pandemic showed the world that blockchain-based digital currencies are the future, the outages suffered by the powerful internet companies may have given an impetus to those that champion the Web3.0.
However, this Web3.0 can really take off if players in this ecosystem play....
Whether we like it or not, the decentralized web is vulnerable to the internet’s worsening problems. Luckily, fixing this should be simple. On Jan. 26, the internet came to a screeching halt along much of the East Coast. Email services went down; YouTube videos flickered out midstream; millions were likely affected, if only temporarily. But the outage, attributed to a surge in traffic, underscores the metastasizing vulnerabilities surrounding the way most of the world conducts commerce, consumes entertainment and communicates.The implications of such outages should be seen as particularly....
While some security issues do exist, major internet outages like the one witnessed across the EU recently cannot really threaten cryptocurrencies or their associated networks. In the wee hours of Oct. 18, several parts of Europe, America and Asia were left without any internet due to several undersea internet cables being “cut,” causing a chain reaction of connectivity problems across the globe. France, Italy and Spain, in particular, were faced with significant outages, with many experts claiming that vandals were to be blamed for the same.According to Jay Chaudhary, CEO of Zscaler — an....
Bastyon is a social platform that combines elements of Youtube, Twitter and Torrent; it is closing in on half a million users and growing fast. Bastyon is built on the premise that social media should be Web 3.0, decentralized with an open-source code, distributed node infrastructure and no corporate entity to control it, like the Bitcoin model. In Bastyon the users enjoy the content and moderate that content based on transparent rules, while bloggers and node operators earn Pocketcoin (PKOIN). Daniel Satchkov is the inventor of Bastyon. He recently rejoined the Bitcoin.com News Podcast to....
The financial regulator ordered the Bitkub exchange to close and fix issues that caused several outages as prices spiked this month.