The massive malware attack by TrendMicro’s security analytics team has enabled thousands of people worldwide to create a sophisticated network of cryptocurrencies. TrendMicro’s latest blog details the newly discovered but unreasonable version, which states that the new version “can seize the system by extracting monero cryptocurrencies and stealing sensitive browser data such as passwords and cookies.”
This feature of Glupteba malware uses a well-known security breach in MicroTik routers to replace the target SOCKS proxy. This allows the attacker to be exposed to spam attempts that may endanger Instagram users. The TrendMicro team says 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 is the next step towards a truly decentralized future that solves each of these problems through a unique approach to blockchain technology. To provide the blocks and information storage for blockchain networks, 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 implements 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 addressing important issues such as costs, downsizing, speed, privacy and data storage across the network.
In the age of evolution, the right evolution
Products, services, and platforms that use blockchain technology are currently banned by a number of constraints that hinder blockchain integration, such as increasing the speed of modern blockchain networks, the inability to run 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 companies have opted for offline data storage because of the risk of third-party data hackers. Others are resorting to hybrid solutions, such as IPFS, which currently does 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 sets out the fractal principles of blockchain architecture, creating a second level of “mini block” that significantly expands data storage capabilities.
Using the RIFT communication protocol, blockchain networks can significantly speed up transaction time and securely store data across the network through a unique block socket structure. Data protection is guaranteed in the RIFT protocol as all data transmitted or stored is fully encrypted.
The main achievement of RIFT is the use of “mini-blocks” to store large amounts of network data. Each RIFT mini-block size is set to 25 MB containing blocks per layer. The ILCoin development team tested the size of the 1.5 GB block well and recently also successfully tested the 5 GB block.
The RIFT protocol is synchronously synchronized with the mini block. Mini blocks have hints for other mini blocks. This communication structure allows the nodes to synchronize with each other. The RIFT protocol fundamentally changes the way data management is managed in blockchain networks, which stores them in an integrated database.
The possibilities are endless
The RIFT protocol allows us to substantially review how blockchain technology is used in both corporate applications and everyday life. The RIFT protocol was not designed for simple transaction operations, but should be part of various “solutions” or enterprise systems such as the ILCoin decentralized cloud block network (DCB).
ILCoin Decentralized Cloud Blockchain (DCB) is a new approach to managing blockchain networks and data storage. Modern blockchain networks