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      "body": "This year’s Digital Asset Summit in London saw a range of organisations from traditional banks and investment firms to the latest Fintech start-ups coming together to discuss the opportunities and risks associated with the burgeoning crypto currency and digital asset market.\n\nHere’s my perspective on the key takeaways from the event, and how those responsible for protecting digital assets from cyber attackers must act now to re-evaluate their defences.\n\nWhy is Cryptocurrency so hot?\nRising inflation is devaluing cash reserves by the day, making crypto an ever more attractive investment opportunity.\n\nHowever, traditional investors and financial institutions who have long complained about being too regulated are nonetheless concerned at the complete lack of regulation in the crypto space. Without the oversight of the Financial Conduct Authority (FCA) there are no regulations, blueprints or benchmarks for building a successful crypto business for institutional investors.\n\nSome financial institutions are looking at the feasibility of making cash reserves in a bank liquid, the principle being that the cash itself doesn’t physically move (as in traditional banking). Instead, the ‘ownership’ of those assets moves as metadata is sent between the banks.\n\nThe industry as a whole is still very much in its infancy when it comes to cyber security and far more thought needs to be given to the question of how best to protect crypto custodians and asset exchanges from attack.\n\nThe Cryptocurrency Infrastructure\nA crypto wallet is a device or application which stores the public and private keys for transactions on the cryptocurrency markets. Typically, transactions are conducted via a cryptocurrency exchange where people can trade cryptocurrencies for other cryptocurrencies or conventional fiat money (government-issued currency that is not backed by a commodity). Organisations known as crypto custodians act on behalf of others to store their private keys and provide security for the assets.\n\nBy far the biggest potential Achilles heel in this infrastructure is the wallet. From a technically purist standpoint, the safest wallet is a “cold” one, i.e. one that is disconnected from the Internet. However, the latency introduced when the private keys for a customer have to be sent from the cold wallet to the exchange will likely result in multiple second delays that are unacceptable in a fast-moving industry like crypto where prices can fluctuate hugely on a second-by-second basis. For this reason a ‘hot wallet’ is essential, even though this means the custodian or exchange must communicate regularly between the secure enclave where the private keys are stored and the untrusted Internet for transaction verification.\n\nThe challenge is how best to secure this communication channel and protect the wallet(s) from cyberattack.\n\nData Diodes\nA data diode is a one way only data flow enforced by hardware. While it offers some measure of reassurance, it does not address the fundamental business requirement which is that to properly support a custodian or asset exchange, there must be a two-way flow of information.  Indeed, using a diode is relatively pointless from a security perspective, as you would need two diodes next to each other to handle the necessary bi-directional traffic.\n\nAt this point, there is native two-way communication and any attack which involves application data (rather than the protocol) would be immune to the disruption caused by placing two diodes inbound and outbound.\n\nDeploying two diodes inbound and outbound also increases the overhead of integrating between the insecure network and the secure enclave. This is because the application(s) can no longer ‘talk’ in native protocols such as HTTP REST or TCP, but now must communicate in a protocol that is supported by the diode.\n\nXML/JSON Gateways\nXML or JSON Gateways can be combined with data diodes to secure the communication flow but here too there are important security concerns. JSON and XML gateways cannot defend themselves from attacks concealed within the data sent to them, meaning that the software inside the gateway is susceptible to attack and the attacker can potentially compromise the machine itself. Ultimately, these gateways are built on standard operating systems which presents a further attack surface for compromise.\n\nForcepoint High Speed Verifiers (HSVs)\nForcepoint’s secure data transfer appliances and High Speed Verifiers (HSVs) address all the shortcomings of alternative solutions because any communication inbound or outbound goes via a custom designed and implemented FPGA (field programmable gate array).\n\nAn initial HTTP or TCP request arrives from the application at the Forcepoint secure data transfer appliance on the untrusted network. Here the request is ‘broken down’ into its core components (headers and content of the request itself). This is represented in a Forcepoint-internal format and a first schema check is applied.\n\nIf this schema check is successful then the internal format is verified in hardware by the FPGA in the HSV. This ensures the data coming from the ‘untrusted’ network is not harmful and only contains the expected data in the correct format. By introducing hardware logic, the FPGA provides an independent check on the data and can be trusted because it cannot be modified by an attacker, unlike susceptible software implementations.\n\nThe ‘simple format’ is then rebuilt to a reliable, known good state within a secure data transfer appliance on the secure enclave network, before being transferred to the application for transaction validation. 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      "body": "Hello welcome to Steemit world! \n I'm @steem.history, who is steem witness. \n This is a recommended post for you.[Newcomers Guide](https://steemitdev.com/guide/@steemitblog/steemit-a-guide-for-newcomers) and [The Complete Steemit Etiquette Guide (Revision 2.0)](https://steemit.com/steem/@steem.history/the-complete-steemit-etiquette-guide-revision-20-homage-1598425779) and, recommended community [Newcomers Community](https://steemit.com/trending/hive-172186) \n I wish you luck to your steemit activities.<center> \n \n \n https://cdn.steemitimages.com/DQmXHwdcNs5VPcBft1iSosPdHLpBNBfjuG84g3ffWhMw5JQ/image.png \n <sub>(The bots avatar has been created using https://robohash.org/)</sub> \n @steem.history \n \n ### My witness activity \n - [My aspiration for STEEM witness](https://steemit.com/hive-185836/@steem.history/my-aspiration-for-steem-witness-1601280729) \n - Provides information on Steem.  \n [Reference](https://steemit.com/trending/hive-130095) \n - Supporting the Steem project. \n [SPUD4STEEM project](https://steemit.com/trending/spud4steem) \n - Supporting the community. \n [Newcomers Community](https://steemit.com/trending/hive-172186),[Steem Sri Lanka](https://steemit.com/trending/hive-133716) ,[WORLD OF XPILAR](https://steemit.com/trending/hive-185836), [GLOBAL STEEM](https://steemit.com/trending/hive-145160), [Scouts](https://steemit.com/trending/hive-181136), [Latino Community](https://steemit.com/trending/hive-188619) \n \n ### My featured posts \n - [The Complete Steemit Etiquette Guide (Revision 2.0) -Homage](https://steemit.com/steem/@steem.history/the-complete-steemit-etiquette-guide-revision-20-homage-1598425779) \n \n [![image.png](https://cdn.steemitimages.com/DQmd7of2TpLGqvckkrReWahnkxMWH6eMg5upXesfsujDCnW/image.png)](https://steemlogin.com/sign/account-witness-vote?witness=steem.history&amp;approve=1) \n <sub>please click it!</sub> \n \n ![image.png](https://cdn.steemitimages.com/DQmWDnFh7Kcgj2gdPc5RgG9Cezc4Bapq8sQQJvrkxR8rx5z/image.png) \n <sub>(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)</sub> \n \n </center>",
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      "body": "When Bitcoin (BTC) first appeared in 2009, few people had a clear idea of what it was, let alone the waves it would generate both financially and technologically. The underlying blockchain technology was more or less a new concept, and like most new concepts was poorly understood in general. In 2018, blockchain remains a hot topic: while it is tied in many people’s minds to cryptocurrencies, it is actually a standalone concept on which cryptocurrencies can be based. This article will clarify how blockchains work and, just as importantly, where blockchain ends and technologies based on it begin.\n\nThis post is an updated and expanded version of our 2017 cryptocurrency primer.\n\nBlockchain\nWhat Is Blockchain and What Does it Look Like?\nThe purpose of blockchain is to create a ledger; that is, a record of historical transactions (be those financial transactions, messages, etc.).\n\nFundamentally, the blockchain is aptly named: it is a chain of blocks of data which at their most basic level (at least in most current implementations) can be conceptualised as something similar to the diagram below, which is based on the blockchain as famously implemented by Bitcoin.\n\n\n\nAny given block of data in this implementation contains four pieces of information:\n\nTimestamp – The time at which the block was created.\n\nTransaction Root – The details of the transactions contained in this block – i.e. this section of the ledger. The amount of data held in this section can vary significantly: in Bitcoin, it will be approximately ten minutes’ worth of transactions. Other implementations use shorter windows.\n\nPrevious Hash – The hash of the last block in the chain – this is how the chain is linked together. When any given block has been processed, its hash becomes the Previous Hash of the next block in the chain, thus allowing historical records to be linked together and traversed.\n\nNonce – A cryptographic term referring to an arbitrary value used only once in a transaction. The purpose of this will",
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