A massive malware attack by TrendMicro’s security analytics team has enabled thousands of people around the world to create a sophisticated network of cryptocurrencies. TrendMicro’s latest blog details the recently discovered but unreasonable version, which says the new version “could take over the system to extract Monero cryptocurrencies and steal sensitive browser data such as passwords and cookies.”
This Glupteba malware feature exploits the well-known security breach in MicroTik routers to replace the target SOCKS proxy machine. This allows an attacker to be exposed to common spam attempts that could endanger Instagram users. According to the TrendMicro team, the infection has an operating system.
The use of sophisticated hacker technology in the blockchain ecosystem is not new. New technologies, such as cryptocurrencies and blockchain, are facing new challenges that must be constantly overcome.
Blockchain technology is now entering an era of transformation – the launch of the Bitcoin network in 2009 was the first iteration of Blockchain technology, but the same solutions that worked ten years ago will not work today. Scalability, security, and transaction throughput are important issues that need to be addressed before the blockchain ecosystem can be developed.
ILCoin’s RIFT protocol represents the next step towards a truly decentralized future that solves each of these problems through a unique approach to blockchain technology. To provide blockchain networks for storing blocks and information, RIFT launches blockchain technology and forms the basis for the next generation of decentralized platforms.
RIFT is a protocol designed to create endless blockchain capabilities. RIFT not only provides advanced use cases and functionality for cryptocurrency applications, but also installs a system that integrates blockchain technology into everyday life. The next version of the RIFT blockchain will allow the platform to reduce security risks while solving important problems such as cost, size reduction, speed, privacy and data storage on the network.
In the era of evolution, right evolution
Products, services, and platforms that attempt to use blockchain technology are currently prohibited by a number of restrictions that prevent blockchain integration, such as increasing the speed of modern blockchain networks, slow transaction times, or the inability to store large amounts of data. Over time, various solutions have been proposed to solve these problems, but some of them are effective.
Many enterprises have chosen offline data storage due to the risk of hacking third-party data. Others resort to hybrid solutions, such as IPFS, which currently do not have enterprise-level functionality. However, the main advantages of the RIFT ILCoin protocol are based on the fundamental principle of blockchain technology. The RIFT protocol draws the fractal principles of blocking the architecture, creating the second level of “mini-blocks”, which greatly expands the possibilities of data storage.
Using the RIFT communication protocol, blockchain networks can significantly speed up transaction time and safely store data on the network through a unique block socket structure. Data protection in the RIFT protocol is guaranteed, since all transmitted or stored data is fully encrypted.
The main achievement of RIFT is the use of “mini-blocks” for storing large amounts of network data. Each RIFT mini-block size is set to 25 MB, which contains blocks per layer. The ILCoin development team has tested the 1.5 GB block size pretty well, and recently they also successfully tested a 5 GB block.
The RIFT protocol is synchronized asynchronously with the mini-block. Mini blocks have tooltips for other mini blocks. This communication structure allows nodes to synchronize with each other decentrally. The RIFT protocol fundamentally changes the way data is managed in blockchain networks, allowing them to be stored in an integrated database.
The possibilities are endless
The RIFT protocol allows us to substantially reformulate how blockchain technology is used both in corporate applications and in everyday life. The RIFT protocol was not designed for simple transactional operations, but should be part of various “solutions” or enterprise systems such as ILCoin decentralized cloud block chain (DCB).
ILCoin Decentralized Cloud Blockchain (DCB) is a new approach to managing blockchain networks and data storage. Modern blockchain networks