A new computing software could free Bitcoin and cryptocurrencies from powerful quantum computers that have the potential to violate public key cryptography.

According to the MIT Technology Review, the researchers are working on the development of a new measure known as lattice-based cryptography that promises to make crypto technology more quantum proof.

Lattice-based cryptography can neutralize the enormous computational capabilities of quantum computers by hiding data inside complex geometric structures containing a grid of infinite dots spread over thousands of dimensions. The security measure seems almost impenetrable, even with the use of powerful quantum computers, unless the key is in hand.

The advent of quantum computing machines is often brought to the fore as it poses a threat to cryptocurrencies such as Bitcoin as well as cryptographic algorithms that keep the internet generally safe. The World Economic Forum explains how quantum computers can violate current encryption standards as follows.

The full computational ability of a sufficiently powerful and error-corrected quantum computer means that public-key cryptography is doomed and will compromise the technology used to protect many of todays fundamental digital systems and activities.

MIT Technology Review says the solution is promising, although the current iterations are not yet ready to be implemented. Ripple CTO David Schwartz says that developers believe it will take at least eight years before the technology that uses the properties of quantum physics to make quick calculations becomes sophisticated enough to crack the cryptocurrency.

I think we have at least eight years. I have very high confidence that quantum computing needs at least ten years to pose a threat, but you never know when there might be progress.

See the original post:
Quantum Computers Will No Longer Threat To Bitcoin! - Somag News

The expectations for the biggest news from the Ethereum Network never ends.

In this regard, Ethereum retweeted: The latest Whats New in Eth2 is ready for yall! Medalla testnet, Cryptography, Great explainers, EDCON And so much more!

On August 08, 2020, Ben Edgington have expressed the newest happenings in ETH. The Top Picks that he has covered this week are from the Latest eth2 quick update from Danny Ryan, which is about Medalla launch preview, and attacknet news bounties increased to $15k.

The launch of Medalla comes with its own set of excitement as the specifications are the same as that for the planned Mainnet. Also, this is set to be the last big testnet before the launch of Beacon Chain.

The details of how the genesis event took place are covered. The updates provides a quick reminder of some useful tools to get running on Medalla like the Launchpad, Eth2stats, Beaconcha.in, POPS, and ethstaker Discord.

Reportedly, in parallel to Medalla, the Ethereum Foundation are continuing to run the attacknets. While covering for other ETH news stated that, Monday looks like Eth2 day, with talks from, Vitalik, Danny, Hsiao-Wei, Aditya, Afri, Paul Hauner from Sigma Prime, Terence from Prysmatic Labs.

Sydney Ifergan, the crypto expert tweeted: Big names in the Ethereum Network are continually discussing and working to push the ETH to the next level.

Coca Cola is a well-known industrial name and the good news is they are using Ethereum for their supply chain.

Alex.eth tweeted: Wow! @CocaCola NA is using public #Ethereum with their bottling suppliers! First results expected Q4 2020. Baseline Protocol will streamline the ability of internal bottlers-suppliers to provide products to the bottling network, & also external suppliers.

Among the main releases, ZoKrates have released a toolbox. ZoKrates are ZkSnarks on Ethereum made easy.

ZoKrates when talking about the release of their toolbox stated, that the major highlights are Unsigned integer types, native verification, a javascript library for node and the browser, and several others.

When covering for what Vitalik Buterin had to say about stuff relating to Ethereum, he has recently highlighted the importance of EIP-1559 to Ethereum Supply; he has covered for how future lotteries might benefit from ETH 2.0 randomness; he has also covered for the bad sides of Ethereum 2.0; Further warned about how high fees will threaten Ethereums security.

Concerning the Ethereum price investors are wondering if the price of Ethereum will touch $400. Early in the past week, the price touched $408. There was high volatility and the ETH as an asset has been encouraging for profit makers.

See more here:
Ethereum (ETH) New Stuff Brewing on ETH2 Medalla Testnet Cryptography Great Explainers EDCON - The Cryptocurrency Analytics

Editors note: Scott Rochat is off this week, so we invite you to enjoy a gem from the archives.

Gil leaps into discovery like only an 8-year-old boy can. All the fields lie open space, sports, cryptography, music and he eagerly throws open the door to each new passion, exciting him and his parents alike.

Now my nephew is learning something new. Namely, the breaking point of a human wrist after falling from a moving scooter.

Yeah. Ow.

So, Gils left arm now sports a bright red cast. Its a minor bump on the road of a grade-school summer. After all, its hard to play tennis or piano with one hand down. But theres still robotics, camping, clubs, a steady flow of books just about everything that doesnt involve experimenting with how to pop a wheelie. (Ahem.)

This IS the injured kid, right?

Cast or no cast, Gils still moving. Its what he does.

But then, whatever the shocks, life keeps moving. Its what it does.

Sometimes whether were ready for it or not.

You know what I mean. Weve all been there. The broken places. The moments where life throws up a big stop sign for a moment and says THIS. THIS is what you will be paying attention to.

Sometimes were lucky. We get the temporary hurts: the broken foot that heals, the smashed-up car thats insured, the explosive argument that eventually slips into the past.

Sometimes not so much.

Sometimes its a tragedy, whether personal or national, that leaves a hole in the heart that will not go away.

Sometimes its the painful calls of your own mind and body, the illnesses that dont heal, the weights on the soul that just hang.

Sometimes its a break in the road. A realization that life is going to be different from this particular point forward, and theres no way to turn around and get the old journey back.

Time moves differently in the broken places, or it seems to. Outside, the world flashes past at high speed. But closer in, things just stop. Time has been condensed into one event that must be lived, one tale that must be told. Sometimes repeatedly.

Ive mentioned before how offensive it is to tell someone to move on after a loss of any kind, how you dont just discard grief or pain or emptiness like a worn-out T-shirt. But theres another side to it, too.

Namely, that you dont have to feel guilty for being happy.

Were good at that, you know. We find ourselves reentering time and letting ourselves forget for a moment to laugh, to enjoy, to marvel and then feel bad because we know the cause of the hurt hasnt gone away. As though were betraying a memory, or getting distracted from a crucial issue that needs our focus.

Ill say it simply. Its OK.

Its OK to not think about hurting all the time.

Its OK to enjoy things again.

Its OK to let other things into your life.

Youre not doing anything wrong.

Yes, we all need time apart. We all need time to heal. We all need to acknowledge the hurts, however that has to happen.

But its OK to look out from there if you feel like it. To see. To do. To live. To let light shine on the broken places.

As a friend observed, thats how you make mosaics.

Gils cast will be off before we know it. Soon, hell be more unstoppable than ever, full-speed ahead, charging into all that life has to offer.

But then, his motion never really stopped. It just changed direction for a while. Thats a useful thing to remember.

Along with being really, really careful about those wheelies.

See more here:
Scott Rochat: A break in the action - Longmont Times-Call

Stratagem Market Insights has released the latest research report on Global Quantum Cryptography Services Market. This Quantum Cryptography Services industry report provides information related to market size, production, CAGR, gross margin, growth rate, emerging trends, price, and other important factors. Focusing on the key momentum and restraining factors in this market, the report also provides a complete study of future trends and developments in the market.

The Quantum Cryptography Services report contains all the details of the expected market dynamics and new market opportunities due to the COVID-19 outbreak. Stratagem Market Insights tried to cover all the market analysis of annual economic growth in the latest report on the Quantum Cryptography Services market.

To learn more about this report, request a sample copy*

[The sample copy includes: Report Summary, Table of Contents, Segmentation, Competitive Landscape, Report Structure, Methodology.]

Get Sample Copy of this report:https://www.stratagemmarketinsights.com/sample/21552

According to analysts, the growth of the Quantum Cryptography Services market will have a positive impact on the global platform and will witness gradual growth over the next few years. This report study incorporates all the market growth and restraining factors along with the important trends mentioned between 2020 and 2027.

Competitive Landscape

This section of the report identifies various major manufacturers in the market. It helps readers understand the strategies and collaborations players are focusing on fighting competition in the marketplace. The comprehensive report gives a microscopic view of the market. The reader can identify the manufacturers footprint by knowing about the manufacturers global revenue, the manufacturers global price, and the manufacturers production during the forecast period.

The major manufacturers covered in this report:

(MagiQ Technologies, Quantum XC, Qubitekk, QuintessenceLabs, NuCrypt, Qasky, Crypta Labs)

Market segmentation:

The Quantum Cryptography Services market has been segmented into a variety of essential industries including applications, types, and regions. In the report, each market segment is studied extensively, taking into account market acceptance, value, demand, and growth prospects. Segmentation analysis allows customers to customize their marketing approach to make better orders for each segment and identify the most potential customers.

Lucrative opportunities:

This report examines the challenges facing the global metallurgical complex, as the study listed them all. This made it possible to understand the market and take advantage of all the lucrative opportunities available. The researchers provided a comprehensive study of the current market scenario while focusing on new business goals. There is a comprehensive analysis of the changing customer requirements, customer preferences, and supplier landscape of the overall market.

Regional Insights ofQuantum Cryptography ServicesMarket

In terms of geography, this research report covers almost all major regions around the world such asNorth America, Europe, South America, Middle East, Africa, and the Asia Pacific.Europe and North America are expected to increase over the next few years. Quantum Cryptography Services markets in the Asia-Pacific region are expected to experience significant growth during the forecast period. Advanced technology and innovation are the most important characteristics of North America and the main reason why the United States dominates the world market. The Quantum Cryptography Services market in South America is also expected to expand in the near future.

The main questions answered in the report:

The research and analysis conducted for the Quantum Cryptography Services market have focused on emerging market trends. Research analysts have provided clients with actionable insights to help them identify market opportunities and plan and develop effective strategies to optimize their market position accordingly.

The conclusion of this report provides an overview of the potential for the success of new projects in the market in the near future, with a full range of global Quantum Cryptography Services markets in terms of investment potential in various market segments.

Need a discount?

Note: * Discount is offered on the standard price of the report.

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Explore by U. Pawar

Originally posted here:
Detailed examination of the Quantum Cryptography Services Market to hold a high potential for growth by 2027 - The Daily Chronicle

The Hallow, The Revenant, The BFG.

Take your pick from childrens treats, foreign films and exceptional Irish horrors as TopFilmTip brings you the best films on TV for Saturday, 8 August.

Some films may require a Sky subscription.

One-eyed story telling musical origami magician seeks parents legacy in breathtaking myth and mystery fantasy Kubo and the Two Strings11:00amE4

Elephant weathers slings and arrows of dogmatism as he tries to save microcosm from destruction- Seussian allegoryHorton Hears a Who!12:50pmFilm4

Rebellious slave leads gladiator army against tyranny in Kubrick's sex-soaked, flame-rolling anti-McCarthy allegory Spartacus4:00pmITV4

Wilful orphaned chidler helps jump-squiffling giant defeat frightsome child-chewers in whizzpopping splendiferous adventure The BFG (2016)4:30pmBBC One

Aural abuse of aliens and selenium enema administration when freaky foreign fungus forms fiendish fauna in madcap comedy Evolution4:40pmFilm4

Having saved dinosaurs from volcanic extinction, ex-lovers must save them from humanity in prehistoric-heroic tooth and claw adventureJurassic World: Fallen Kingdom5:40pmITV2

Pariah swordsman and outcast samurai overturn usurper's reign and beast slaying, witch shifting, katana chanbara-ing fantasy 47 Ronin6:40pmSony Movies

Closeted maths prodigy navigates murky cause and consequence of cryptography in remarkable tragic true storyThe Imitation Game6:45pmFilm4

Intrepid, inquisitive reporter and his loyal Scottie aid alcoholic in photorealistic crane jousting KO-fest The Adventures of Tintin6:50pmE4

Hyper-observant wing-chun-discombobulater unravels cult leader's nefarious plot in devious Victorian mystery fun Sherlock Holmes8:00pmITV2

Arnie obsessed kid escapes into filmic reality unleashing evil of Charles Dance upon world he left behind in prophetically meta, underappreciated gem Last Action Hero9:00pmSyFy

Story continues

Pregnant Colombian teenager becomes pill regurgitating drug mule for family supporting funds in unflinching dramaMaria Full of Grace10:00pmSky Atlantic

JCVD kicks drunk people, trees and foreigners whilst practicing box splits to avenge his brother in bare bummed moonerKickboxer9:00pmParamount Network

Bat-poo-ed basemented CIA wallflower turns counterterrorist potty mouthed pugilist in flawlessly delivered character comedy Spy9:00pmFilm 4

Arnie abuses power, foils terrorist plot and survives a nuclear explosion in stupidly fun strip teasing guilty pleasure True Lies9:00pmE4

Mauled and left for dead, ursine attired horse hider survives by force of sheer will in ethereal, astonishing revenger The Revenant9:00pmBBC Two

Edward Norton must face his fears by pursuing an artistically inspired family murderer in serial killer prequel Red Dragon11:05pm5 Star

After his familys slaughter, ex FBI man exacts calculated reign of terror on those responsible. Explosive actioner The Punisher11:10pmSony Movies

The few survivors of vampire onslaught on Alaskan town battle bloodlusting baddies in axe-decapitating, JCB melee 30 Days of Night11:30pmSyFy

Hard boiled cops bring vigilante war to sadistic crime lord in body ripping, Christmas shooting, sexy smoking gunfun Gangster Squad11:40pmITV4

Antisocial racist makes neighbour's lives a living hell while literal and metaphorical fire draws near Lakeview Terrace00:40amHorror Channel

Young family endure Irish siege of baby-stealing, fungal forest folk fairies in deftly-designed, utterly riveting creeper The Hallow1:15amFilm 4

Introverted city kid Sean Astin must become leader of men when Kevin Bacon's woodland camping excursion falls apart: knife wielding coming of age adventureWhite Water Summer1:55amTalking Pictures

Sisterly rivalry runs rife as team of female baseballers shatter gender expectations in sporting drama A League of Their Own3:25amSony Movies

New on Sky Cinema in August

Coming to Disney+ in August

New on Netflix UK in August

New on Amazon Prime in August

Originally posted here:
The best films to watch on UK TV: Saturday, 8 August - Yahoo News

Crypto enthusiasts have long-held fears of the future that quantum computing might bring. But are those fears overblown?

Quantum computers are a near-perfect embodiment of Arthur C. Clarkes third law, Any sufficiently advanced technology is indistinguishable from magic. A fully functional quantum computer would be orders of magnitude more powerful than any conventional supercomputer in existence.

The positive applications are numerous and include accelerating discovery of cures to diseases to revolutionizing investment management and presenting better and lower-cost trading opportunities.

This could provide a huge boost to the sciences but it also represents a threat to existing cryptographic algorithms. Many crypto enthusiasts are concerned that this could compromise the blockchain and render cryptocurrency worthless. The question is, how real are these fears?

Traditional computers use bits, or 1s and 0s, in order to represent data. Everything youre seeing on your screen right now can be broken down into a string of binary digits. Quantum computers are based on the qubit, a two-state quantum system.

As a result, they are able to perform processes significantly faster than any conventional computer could. This involves quantum physics so well focus on the broad strokes here. For those interested in a deep dive, there is a great series of articles on this at the MIT Technical Review.

A quantum computer is one that is designed to capture and contain qubits in a stable state. They are then able to take advantage of two key mechanics in order to process large amounts of data:

The downside of quantum computers is that they require a significant amount of energy to run and are error-prone because of decoherence. Even slight vibrations or temperature changes can cause a quantum computer to cease functioning.

This had prevented quantum computers from achieving quantum supremacy, which is the ability to outperform traditional computers. But that changed in September 2019 when Google claimed that it had succeeded in reaching quantum supremacy, sending a shockwave through the cryptography world.

The big fear with quantum computers is that they would render all real-world uses of cryptography obsolete overnight. This would make online banking, messaging, and e-commerce completely unsafe and cripple the internet as we know it. It would also render cryptocurrencies inoperable.

Most of the major blockchains, including Bitcoin, rely upon ECDSA (Elliptical Curve Digital Signature Algorithm). This allows blockchains to create a random 256-bit private key and a linked public key that can be shared with third parties without revealing that private key.

Quantum computers could unravel the relationship between these keys thus allowing cryptocurrency wallets to be hacked and a holders funds to be liquidated.

The short answer: Maybe, but not yet. The truth is that, as Peter Todd confirmed, we still dont know how close we are to a viable, scalable quantum computer. It could be 6 months from now, or it could be never.

Another point is that if users follow the standard practice of only using Bitcoin addresses one time, it limits the amount of time a quantum computer has to break the key.

But the threat is still present, if a little distant. The good news is that some projects are actively working to counter it. The Quantum Resistant Ledger (QRL) is the first industrial implementation of the eXtended Merkle Signature Scheme (XMSS). This hash-based signature scheme is significantly more advanced than ECDSA and should be harder for a quantum computer to crack.

In general, cryptocurrency investors shouldnt be too concerned about quantum computing in the short-term. But it would still be prudent to keep an eye on the quantum computing world and projects like QRL.

Featured image via Pixabay.

Read the original:
Bitcoin vs Quantum Computers: Real and Imagined Fears - CryptoGlobe

New Global Cryptocurrency and Blockchain Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns& country along with competitive landscape, players market shares, and strategies that are key in the market. The exploration provides a 360 view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions.

Major Players in This Report Include,

BTL Group Ltd (Canada),BitFury Group Limited (United States),Bitfinex (Hong Kong),Bitstamp Ltd (Luxembourg),Coinbase (United States) ,DigitalX Limited (Australia),Global Arena Holding Inc (United States),IBM Corp (United States),Microsoft Corporation (United States),Ripple (United States)

Free Sample Report + All Related Graphs & Charts @:https://www.advancemarketanalytics.com/sample-report/19265-global-cryptocurrency-and-blockchain-market

Definition

A cryptocurrency is a digital currency designed to work as a medium of exchange using cryptography to secure the transactions, to control the creation of additional units, and to verify the transfer of currency. Many cryptocurrencies are decentralized systems based on blockchain technology which is a distributed ledger enforced by a distinct network of computers. Further, this network creates the means for transacting, and enables transferring of value and information. Proper security, authentication, ease of transactions these are the factors boosting the market worldwide

Market Drivers

Revolution in Digital Payment Systems Derived from Blockchain Technologies

Increasing Need for Secured and Decentralized Digital Payments

Protection from Fraud, Low Fees and Quick International Transfers

Market Trend

Growing Demand for Safer International Transactions

Restraints

Lack of Awareness among People in Emerging Economies

Lack of Supervisory Control on the Transactions

Opportunities

Higher Adoption for Cryptocurrency from the Countries of Asia Pacific Region Such As China, India and Japan

Global Cryptocurrency and Blockchain Market Report offers a detailed overview of this market and discusses the dominant factors affecting the growth of the market. The impact of Porters five armies on the market over the next few years has been discussed for a long time in this study. We will also forecast global market size and market outlook over the next few years.

Types of Products, Applications and Global Cryptocurrency and Blockchain Market Report Geographical Scope taken as the Main Parameter for Market Analysis. This Research Report Conducts an assessment of the industry chain supporting this market. It also provides accurate information on various aspects of this market, such as production capacity, available production capacity utilization, industrial policies affecting the manufacturing chain and market growth.

Enquire for customization in Report @:https://www.advancemarketanalytics.com/enquiry-before-buy/19265-global-cryptocurrency-and-blockchain-market

TheGlobal Cryptocurrency and BlockchainMarket is segmented by:

Study by Type (Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Ripple, Peercoin, Dogecoin, Namecoin), Application (Transaction, Investment, Others), End User (Banking, Non-banking Financial Services, Insurance)

.

In this research study, the prime factors that are impelling the growth of the Global Cryptocurrency and Blockchain market report have been studied thoroughly in a bid to estimate the overall value and the size of this market by the end of the forecast period. The impact of the driving forces, limitations, challenges, and opportunities has been examined extensively. The key trends that manage the interest of the customers have also been interpreted accurately for the benefit of the readers.

The Cryptocurrency and Blockchain market study is being classified by Type, Applications and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

The report concludes with in-depth details on the business operations and financial structure of leading vendors in the Global Cryptocurrency and Blockchain market report, Overview of Key trends in the past and present are in reports that are reported to be beneficial for companies looking for venture businesses in this market. Information about the various marketing channels and well-known distributors in this market was also provided here. This study serves as a rich guide for established players and new players in this market.

Get Reasonable Discount on This Premium Report @https://www.advancemarketanalytics.com/request-discount/19265-global-cryptocurrency-and-blockchain-market

Current Scenario Analysis for Decision Framework

Key Strategic Developments in Cryptocurrency and Blockchain Market:

The research includes the key strategic activities such as Research & Development (R&D) initiatives, Merger & Acquisition (M&A) completed, agreements, new launches, collaborations, partnerships & (JV) Joint ventures, and regional growth of the key competitors operating in the market at global and regional scale to overcome current slowdown due to COVID-19.

Key Market Features in Global Cryptocurrency and Blockchain Market

The report highlights Cryptocurrency and Blockchain market features, including revenue size, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, demand & supply, cost bench-marking in Cryptocurrency and Blockchain market share and annualized growth rate (Y-o-Y) and Periodic CAGR.

Extracts from Table of Contents

Global Cryptocurrency and Blockchain Market Research Report

Chapter 1 Global Cryptocurrency and Blockchain Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Revenue (Value, Volume*) by Region

Chapter 5 Global Supplies (Production), Consumption, Export, Import by Regions

Chapter 6 Global Revenue (Value, Volume*), Price* Trend by Type

Chapter 7 Global Market Analysis by Application

.continued

This report also analyses the regulatory framework of the Global Cryptocurrency and Blockchain Market Report to inform stakeholders about the various norms, regulations, this can have an impact. It also collects in-depth information from the detailed primary and secondary research techniques analysed using the most efficient analysis tools. Based on the statistics gained from this systematic study, market research provides estimates for market participants and readers.

About Author:

Advance Market Analytics is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies revenues.

Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enable clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.

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Read more:
Cryptocurrency and Blockchain Market Projected To Gain An Revolutionary Growth During 2020-2027 | BTL, BitFury, Bitfinex - The Daily Chronicle

Bitcoin surged in the public consciousness during late-2017 when one bitcoin was suddenly worth 20,000 dollars. Overnight nerdy bitcoin miners became millionaires, and the ignored coder cousin of the family became everyone's favourite. Many investors who had no idea about any sort of cryptocurrency started to look towards the profit in this digital asset.

Heralding the times of a digital market, Bitcoin is a pioneer in the fresh field of crypto-currency that is slowly and steadily changing the finance landscape.There are many important subsets of the Bitcoin concept outlined in the bitcoin billionaire.

Bitcoin Origin

Bitcoin first emerged in January 2009 under mysterious circumstances. It was founded by a still-unidentified group (or individual) under the name of Satoshi Nakamoto. The central idea of the concept was that Bitcoin would be a revolutionary new form of currency that will operate in a peer-to-peer network. This means a financial transaction that involves bitcoins will be carried out directly between the two parties without the need of a third-party overseer, as is done in credit cards and online transactions.

Blockchains and Miners

The process is carried out through block-chains. A block-chain is essentially a collection of blocks where each block is a group of transactions involving bitcoins that are bunched together and stored in a decentralized manner. These decentralized public ledgers are maintained by "miners" who are motivated by rewards in bitcoins itself. These rewards are limited by their number, with only 3 million of them remaining currently. This helps to eliminate issues like inflation that is caused by normal currencies.

Transparency and security

The ingenuity of Bitcoin lies in the way it's operated. The block-chains that are made to record all transactions are completely transparent. These can be seen developing live by any user. For breach of security, the hacker would have to control 51% of the computational power spent to maintain the ever-widening Bitcoin chain, which, with already 10,000 nodes, is difficult to achieve. And even if the hacker manages to perform this seemingly impossible task, the user may just create another block-chain and foil the villain's efforts completely. Along with that, numerous layers of coding involving rigorous cryptography makes the hacking of bitcoins a considerable task that not many computers are equipped to perform.

Bitcoin Transactions

The transactions involving bitcoins are a little like normal bank transactions. A user is given two sets of keys to access this unique cryptocurrency and its form of finances. These keys are a long series of numbers and letters that are encrypted through a suitable mathematical algorithm. The public key acts like ones bank account number that is given to other parties to receive and send bitcoins. The private key serves similarly to an ATM pin, which is used to provide authoritative access to the transaction. Since these keys are too long to just remember, users are advised to store them in encrypted offline storage devices or printed on physical paper that can be scanned later to access the important codes.

Bitcoin Legitimacy

As of now, Bitcoin is not backed by any banks or governments. The value of Bitcoin as a commodity is also not recognized. It primarily functions as a mode of exchange that exists solely on decentralized networks. Finance pundits are generally divided in their opinions about the cryptocurrency. Some laud it as the future face of finance while others caution against its volatile valuations due to which every rise in its value is followed by an equally drastic decline. Despite such issues, the popularity of bitcoins continues to rise, with many exploiting its high exchange rate for lucrative investment ventures.

Aside from investment, bitcoins are now also used as a common form of crypto-currency that can be used for daily commercial transactions as its acceptance is gradually gaining traction. Many retailers, shop-owners, and businesses accept bitcoins as a legitimate form of payment along with traditional methods such as credit cards, debit cards, e-banking, etc.

Bitcoin has become the original front-runner of the crypto-currency field, and now many more forms of digitally encrypted currencies are following suit with growing numbers. These virtual currencies are together called Altcoins. The steady rise in popularity and acceptance of such currencies signal a future of digitally thriving marketplaces.

TAGS: Cryptocurrencies, Sponsored

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Cryptocurrency: The Currency of the Future - Techtree.com

We may not think about it much, but we truly live in a fascinating era of technology. Our devices are becoming smarter, and we aim to have them all online. The Internet of Things is thriving, boasting more connected devices than there are people on the planet.

And thats only the beginning.

Although there is always a dark side to progress in the case of IoT, its the race between the cybercriminals and development of cybersecurity, where one party still wants to be a step ahead of the other. The reasons are evident: with so many connected devices that perform such a variety of tasks, the opportunities for taking advantage of them are endless. Among the tools that can stop or slow down hackers, strong authentication is the one thats been around for a while. Still, it has to change as well. So what is the future of authentication for the Internet of Things?

In a typical IoT infrastructure, a vast number of interconnected and distributed devices communicate with each other. This principle makes it crucial to have a strong, reliable, and scalable authentication method in place where each IoT device is properly authenticated to ensure its genuine and to prevent unauthorized IoT devices from being installed on the network.

When an IoT device communicates with another peer device they need to identify each other and verify their identity to each other to establish Authentication. This is obtained through cryptographic methods that may vary in terms of complexity and level of security.

However, in an IoT infrastructure, the 2FA/MFA system can be more complex, requiring hardware tokens, separate devices or even biometrics (facial recognition, retina scan, fingerprint, etc.) to improve security. Its essential for IoT as this system has to ensure that its approvedto perform administrative actions for IoT devices. This is what the security depends on since many IoT devices dont have physical User Interfaces (UIs) and must rely on administrator actions.

Technically, there is a real challenge to initiating a secure communication between two IoT devices. This means that in case a public-key cryptographic authentication method is used, there should be a way to ensure that the public key is received by a peer IoT device belongs to the intended communication channel and that the peer IoT device can be trusted. This requires that the public key be stored securely on the device in the sense that its integrity is preserved. It must not be possible for an attacker to modify the key or to use another fake key instead The latter concerns the digital certificates which are commonly used in such a scheme.

When it comes to user experience, the beauty of IoT partially lies in the variety of devices that can be interconnected. However, thats also the ultimate nightmare of its security, as hardware and software differences between various IoT devices make it much harder to come up with a security solution that would be applicable in every case. Piling on to this issue, manufacturers and developers of IoT devices often dont develop a securitysolution for their productto reduce costs.

Authentication might be the answer if we can make it simpler and more efficient. Authentication methods implemented should be strong enough to be resilient against different attacks, such as eavesdropping/spying, replay attacks, MiTM attacks, dictionary attacks, or brute-force attacks.

Also, in IoT, its vital to use the same strong authentication for multiple devices that are commonly used (considering some devices have no Human Machine Interface (HMI), it could be a gesture, a GPS-location or silent authentication), and be faster and more convenient than our current 2FA/MFA processes.

To improve security, all sensitive data such as keys and biometrics should stay on the device itself. Ideally, you should be able to authenticate yourself to your device locally, and then it would validate the user online using public-key cryptography. This would eliminate the need to have any link-ability between different accounts or services, vastly improving security. FIDO authentication protocol could be the best security option to re-use.

IoT security presents a challenge, but with how IoT has been developing, cybersecurity has to be an absolute priority.Solving security concernsby securing the front door through strong and smart authentication will bring us a step closer to more fascinating technological developments.

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Authentication In IoT: Securing the Front Door - IoT For All

If there's a candidate with a skillset that can be sold into multiple employers in multiple sectors in late 2020, irrespective of COVID-19, it is the person with an elite education in data science and proven experience of extracting monetizable insights from real world datasets. As a recruiter, if you can find one, it is tantamount to hitting the jackpot. Asa candidate who fits this description, you have the pick of employers.

"Data scientists are everywhere in finance," says Natalie Basiratpour. "Not just in the front office supporting trading and research, but across areas like HR too. Data is created for every single decision that's made in the world and data scientists are needed to analyze that."

Not all data scientists are made the same. The latest data science salary survey from recruitment firm Harnham puts entry level data science salaries as low as46k in the U.K. and $110k (for a data engineer) in the U.S.. By comparison, hedge funds can pay salaries as high as $200k - but only for alpha generating data scientists at the top of their field.

Some of the most desirable data science jobs in finance are in artificial intelligence. JPMorgan in particular continues to hire in London, New York and the Bay area for its AI research team focused on cryptography and broaderfinance. Goldman Sachs founded an AI research and development team under chief data officer Neema Raphael in 2017 and runs a parallel AI research team under MD Jeremy Glick.Raphael, who is charged with building Goldman's data lake, is hiring.

Private equity firms are also in the game. Apax Partners, for example, recently poachedAngelique Augereau, head of data science for treasury services at JPMorgan to be its first ever chief data science and analytics officer. Augereau, who will presumably be building a team at Apax, says she's tasked withadvising the fund'sportfolio of around 50 mid cap companies on their,"data and analytics journey." Rival funds, like Cerberus, have been on a similar journey for years already and have hired heavily from banks to staff their datateams.

The flurry of data recruitment in finance has been accompanied by strong demand for data scientists inthe consumer, tech, and consulting sectorstoo. Desirablecandidates have ample opportunities for productive job hopping as a result. Daniel Lin, a former JPMorgan derivatives trader who left take a Masters degree in computational statistics, has worked for three different employers since 2017 in increasingly senior roles.Basiratpour says the most desirable data scientists are at Google or Microsoft, and are almost impossible to move.

Oliver Blaydon, the head of advanced analytics and risk recruitment at search firm Armstrong International, says there's an inevitability to data science recruitment thatmeans it's likely to remain robust throughout 2021. "It's one of the busiest parts of the market," says Blaydon. "Any bank or fund that has a hiring freeze will usually still be open to hiring in roles that involve data."

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Photo by Markus Spiske on Unsplash

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The finance jobs immune to COVID-19 - eFinancialCareers