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Essential Tips To Keeping Your E-commerce Websites Safe Against Cyber Attacks

It is no secret that eCommerce websites are a target for cybercriminals. In fact, according to a report by Veracode, 43% of cyber attacks...

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Anonymous Says It Hacked Bank of Russia, Monetary Authority Denies Claim

Anonymous Claims to Have Hacked Bank of Russia, Monetary Authority DeniesAnonymous has attacked the Central Bank of Russia (CBR), according to a post on social media. The hacking group, which vowed to hit Russian government websites after Moscow launched its military assault on Ukraine, now says it’s also targeting foreign companies still operating in Russia. Anonymous Threatens to Release Thousands of Bank of Russia Files […]

5 Online Security Tips to Protect Your Company from Data Breaches

Data breaches are becoming a lot more concerning these days. In the first six months of 2019, 4.1 billion records were exposed by data breaches. This figure grew exponentially during the pandemic as more people were spending huge amounts of time online. You have to be proactive to prevent data breaches. Most of us can […]

The post 5 Online Security Tips to Protect Your Company from Data Breaches appeared first on SmartData Collective.

Telephone Rhythm Machine ☎︎

Here’s a delightful rotary phone ringer that’s controlled by a KORG SQ-1 sequencer’s control voltage and gate! Seems that the two chime solenoids are independently controlled perhaps? Keep up the interesting work, Electronicos Fantasticos! Hacked and played by Tsugumasa Yutani (Kyoto Orchest-Lab)

Anonymous Reportedly Hacks Russia’s Central Bank, Threatens to Expose 35,000 Secret Documents

Anonymous said it would release 35,000 documents with secret information it gathered by hacking the Central Bank of Russia in the next 48 hours.

Is a Coinbase One subscription worth the investment?

Coinbase One, the new subscription service from the US-based exchange, offers users $0 transaction fees, $1 million in account protection, and 24/7 customer support.

The post Is a Coinbase One subscription worth the investment? appeared first on CryptoSlate.

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Tuesday Digest: Identity firm hacked; Chevron workers strike

Tag Template - News Hub PROMeanwhile, San Francisco-based REIT Prologis has just bid on more than $20 billion worth of European warehouses.
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Could Algorand be the Future of Blockchain?

Could Algorand be the Future of Blockchain?

What is the future of blockchain and cryptocurrency? That’s one of the most common questions on the minds of many crypto investors or enthusiasts. While many believe Bitcoin will become the world’s reserve currency, others predict privacy coins like Zcash will take over. But there may be another contender who could be one of the biggest blockchain technology breakthroughs. That is Algorand, an innovative platform based on proof-of-stake algorithm and security deposits. A Review of Smart Contracts What is a smart contract, really? It is a computer program that controls financial assets or property and executes exactly as programmed. It’s to digitally facilitate, verify or enforce negotiation or performance of an agreement. So, there is no need for a third party (like a bank). Essentially, the intention is to replace trust in humans with trust in code. But what does that actually mean for you and me in practice? How will smart contracts change everything for blockchain technology? How do we decide which ones are best for our own needs—whatever they may be? Let’s take a closer look at some potential use cases of blockchains when it comes to smart contracts. ​ One of the most useful applications of smart contracts in decentralized file storage. For example, suppose someone wants to store data on IPFS but can only commit small amounts of money at a time due to constraints set by their employer or university. A simple algorithmic script running on the blockchain allows them to store that piece of data on IPFS without actually owning any cryptocurrency while still gaining credit for other contributions made during their workday. In this way, everyone involved gets access to decentralized storage without needing any cryptocurrency​ themself! How does Algorand Work? Algorand is a new blockchain architecture that focuses on solving several problems that exist in existing blockchain models. The primary goal is to achieve security guarantees like those run by classical Byzantine fault-tolerant (BFT) consensus algorithms. However, unlike PBFT and Tendermint, Algorand requires just 16 nodes to agree on every block. Furthermore, it does not rely on third-party services to run its network. This implies that no single party may withhold service, disrupt processes, or manipulate results without majority consent. Simply put, there’s no way for a bad actor to take advantage of their position and tamper with data. Furthermore, each node validates all transactions locally and must decide on each one independently before acting. Even if an attacker temporarily controlled several of Algorand’s sixteen consensus participants, he would have minimal leverage. His ability to perform future transactions would be limited. He wouldn’t have access to information about prior transactions until they were recorded into blocks. Therefore, he would be unable to predict their effect on his reputation score reliably or otherwise corrupt them. The Problem with Bitcoin, Ethereum, and Other Cryptocurrencies The problem with cryptocurrencies is that they don’t scale. For example, Bitcoin currently carries out 7 transactions per second, while Ethereum can only handle 15. This means that you can’t support a truly global economy with either cryptocurrency as a foundation, not even on a regional level. Many other cryptos are attempting to fix scaling problems. However, few have gained enough popularity for their use cases even to matter yet. And if the use of cryptocurrencies isn’t widespread, how will businesses or governments fully use them? Or do we want them to make full use of them? Besides, all of these cryptocurrencies run off some form of blockchain technology. So there must be something better than blockchain technology for us to get true scalability and better usability. The Problems Algorand Identifies From Other Blockchains There are two core problems concomitant with today’s blockchain applications: scalability and security. Scalability is a matter of size related to how many transactions per second an application can handle. On the other hand, security is a big deal for financial institutions and companies who don’t want careless sharing or compromise in sensitive data. Traditionally, having multiple computers confirm every transaction addresses these issues. The idea is to create redundancy by dividing those transactions among several devices rather than one mega computer. Then, if something goes wrong on one device (or gets hacked), others pick up where that device left off. That strategy has some pretty serious limitations, though. First, because everyone needs to process every transaction, scalability remains on a tight leash no matter how many computers you add-in. Another issue is that only one group can process all those transactions. It’s not very private when everyone knows exactly what everyone else is doing. And finally, there’s latency or lag time. As more people join a network, it takes longer for your transaction to appear as part of that network. This is because each computer must first verify everything before adding its approval on top of everything else. That makes … Continued

The post Could Algorand be the Future of Blockchain? appeared first on Cryptoknowmics-Crypto News and Media Platform.

Researchers Find Backdoor Infection Spike on GoDaddy-Hosted Websites

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Security researchers have identified a surge in backdoor infections on hundreds of websites hosted on GoDaddy’s Managed WordPress service, which were all compromised by the same payload. The incident impacted websites like tsoHost, MediaTemple, Domain Factory, Heart Internet, 123Reg, and Host Europe Managed WordPress websites. The infected sites shared a nearly identical backdoor embedded in […]

Mining City Uses Blockchain to Offer Reliable New Bitcoin Wallet

Have you ever heard of blockchain? It is the ledger and authentication system behind the bitcoin network. Blockchain is the reason that bitcoin become a sustainable digital coin, unlike many of the other digital coins that came before it. Many companies have used the blockchain system to create tertiary services, such as bitcoin wallets. Bitcoin […]

The post Mining City Uses Blockchain to Offer Reliable New Bitcoin Wallet appeared first on SmartData Collective.

VPNs Are Crucial for Data Security on Public Wi-Fi

Data security is a greater concern than ever before. There were 1,862 data breaches in 2021, which is a 20% increase from the previous record set in 2017. You have to take stringent measures to secure your data. This includes using a VPN whenever you connect to a public Wi-Fi network. VPNs Are Invaluable for […]

The post VPNs Are Crucial for Data Security on Public Wi-Fi appeared first on SmartData Collective.

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