Data Security Bitcoin: Check Articles You Need to Read About The Topic - Alibaba Cloud Topic

Bitcoin makes it possible to transfer value anywhere in a very easy way and it allows you to be in control of your money. Such great features also come with data security concerns. At the same time, Bitcoin can provide very high levels of security with blockchain.

How Bitcoins and Blockchain Technology Are Reshaping Our World

To guarantee Bitcoin data security, the problem-solving phase introduces essential features. First, occasionality: it is impossible to predict which miner will solve the problem and update the blockchain at any specified time. Instead, only hardworking miners rather than any random intruders can solve the problem. Second, history: Each new block includes the hash of the previous block which contains the hash of the last block until the creation block is connected.
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Preventing Ransomware Using Alibaba Cloud Server Guard

According to analysis by Alibaba Cloud security experts, the global bitcoin blackmail virus is caused by the Windows system SMB / RDP remote command execution vulnerability leaked by the NSA. According to analysis from Alibaba Cloud Security experts, the blackmail incident spread rapidly across campus networks, the main reason being that most campus networks are basically a large interconnected LAN, and security zones were not defined for different applications. For example: student management systems, educational administration systems, etc. can be accessed through any connected device.
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Beyond Bitcoins - How Blockchain Technology Can Transform Businesses

If you want to utilize the cryptography principle and electronic contract to protect data from third-party tampering in a blockchain system, it will require smart contract. All transactions that require authenticity identification, multiple-party involvement, source tracing, and compliance must adopt smart contract to maintain reliability and ensure the security of data. Smart contract is entirely based on blockchain technology.
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Blockchain and its Impact on Different Sectors

With big data becoming a substantial part of how the world functions, more and more personal and sensitive information is available on the network. This centralized database is exposed to the public and prone to hacker attacks. Database leakage incidents are being reported more than ever before. Researchers surmised that the Blockchain technology, due to its advanced decentralized features, is likely to become the preferred solution for improving big data security in the future. Its advanced decentralized feature ensures that no one can control or edit the data. This ensures that a leakage of the entire database is not possible through the leakage of a single private key. With passing time, Ethereum came out with several versions and entered a stable and rapid development phase. People gradually started recognizing the power of Blockchain, and the antagonists of Bitcoin in early stages became the pioneers in promoting Blockchain as a technology.
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World's First Blockchain-Based Cross-Border Remittance Service by Ant Financial

Ant Financial will solve practical problems with social value, continually overcome technical obstacles of large-scale practical application, and work with partners to build an open blockchain ecosystem. Ant Financial will not jump on the bitcoin bandwagon, go against laws or regulations, or damage data security and privacy of users.
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Alibaba Cloud Security Team Discovers Apache Spark Rest API Remote Code Execution (RCE) Exploit

Since the discovery of the Hadoop Yarn RCE vulnerability, it became one of the preferred methods of malicious bitcoin mining. Extrapolating on the Spark REST API RCE vulnerability, we believe that it will be exploited for mining and other malicious use very soon.
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Why Blockchain and IoT Are Perfect Partners

As IoT is on the rise, marketers are embracing a sound, secure technology — Blockchain. The revolutionary technology is changing the way individuals perceive IoT. It provides a safe network by using the deconcentrated system to enhance the privacy, security, and consent of all the IoT connected devices.
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JbossMiner Mining Malware analysis

For a variety of different reasons, Bitcoin (and other crypto-currencies) has captured the imagination of economists, investors, engineers, and cyber-criminals. As security researchers, it captured our attention as a potential source for security threats. And such a threat eventually presented itself in the practice of crypto-mining.
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The Evolution of Blockchain Development

While Blockchain V1.0, mainly applies to Bitcoin and large financial ledgers, Blockchain 2.0 is gaining momentum and investment across industries and applications. However, the evolution of Blockchain from 1.0 to Blockchain 2.0 is not a simple process. The complexities and challenges of this transformation are summarized in the 3-tier phases described in the article.
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IOTA – The Future of IoT and Blockchain

As a new type of digital encrypted currency, IOTA is not as famous as Bitcoin and Ethereum; however, you should not underestimate its potential because it has given 5000 times ROI to investors. It performs well in the competitive world of digital assets. Also, IOTA uses the Directed Acyclic Graph (DAG)-based tangle structure, which is different from the structure of a typical blockchain. Conceptually speaking, it is similar to blockchain, but it does not have blocks or chains, which makes it interesting.
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