In this episode (~45 minutes), I answer questions from the audience around blockchain and smart contract security considerations. I cover some of the reasons why I think these technologies are important, what their potential impacts are likely to be and how information security teams should prepare. Some of the questions drift into changes around store of value, investment insights and other closely related topics.
This episode is sponsored by MachineTruth™ – a new passive, analytics-based solution for network inventory, traffic analysis and security baselining. Learn more at http://www.machinetruth.net.
Bitcoin “Proof of Work”: 51% of Accountants Agree!
Source: Fox Photos/Getty Images
Those are the “accountants”, all working independently to validate bitcoin transactions.
I’ve read the original white-paper that is often cited as the foundation of the cryptocurrency, and particularly the “bitcoin“, phenomenon.
The author is the mysterious “Satoshi Nakomoto“, who may be Japanese, or may be a collection of people, or may be (my take) some blockchain instance from the future that has developed self-awareness and has traveled back through time, using the identity of Satoshi to create itself.