DLT to Become X2 Popular in IoT

Half of the companies cannot reliably determine whether their IoT devices were hacked
16 January 2019   423

This is stated in the report of the company Gemalto, specializing in digital security.

During 2018, the use of the blockchain in the Internet of Things services and devices increased from 9 to 19 percent. This happens despite the global legal uncertainty around this new technology.

During the study, Gemalto surveyed 950 experts in technology and business. 23% of respondents expressed confidence that the distributed registry technology would be the “ideal” solution for ensuring the security of IoT devices. Moreover, 91% of companies that do not use blockchain today, plan to correct this fact in the future.

Given the increase in the number of IoT-enabled devices, it's extremely worrying to see that businesses still can't detect if they have been breached. With no consistent regulation guiding the industry, it's no surprise the threats – and, in turn, vulnerability of businesses – are increasing. This will only continue unless governments step in now to help industry avoid losing control.

Jason Hart

CTO, Gemalto

Despite the gradual increase in the use of blockchain-based solutions, the mass adoption of technology is still far away. Companies mainly rely on other security methods. In particular, 71% of respondents are limited to data encryption, 66% - methods based on passwords, 38% - prefer two-factor authentication. It is also noteworthy that about half of the companies cannot reliably determine whether their IoT devices were hacked.

The overwhelming majority of respondents (95%) are convinced that standardization is necessary for safety methods.

Bitcoin SV Blockchain to Undergo Reorganization

This happened due to the fact that some blocks were rejected by Bitcoin SV blockchain
19 April 2019   104

Several blocks were rejected by the Bitcoin SV network after the addition, which caused the re-organization in the blockchain's history.

Almost each time someone is trying to produce a very large block on the BSV chain, there’s a reorg. Just an hour ago our Blockchair engine has witnessed a 3-block reorg (I think that's a record)! Blocks #578640–578642 got orphaned by a longer chain because they were too big

Nikita Zhavoronkov

Lead developer, Blockchair

The large blocks, about which Zhavoronkov writes, are no longer displayed by the blockchain browser, since they are not part of the main chain in which they were located until a certain moment, until they were replaced by another chain, which eventually became dominant.

This is basically exactly the problem the BU gigabock testnet identified. At sizes > 100mb the mempools were so out of sync that blocks were basically transmitted as full blocks.

BSV had ONE 128mb block and it caused a six block reorg. On the BU testnet sustained 128mb blocks caused a total breakdown of the chain where there were so many reorgs that every node had a different view of the state of the blockchain.

Chris Pacia

Developer, Bitcoin

Thus, Chris assumes that the problem is caused not by the malicious actions of the network members, but by its functional bug. 

This update is noticeable in the background of recent Bitcoin SV delisting campaign, which was started by the number of big exchanges as a reply to lawsuit by Craig Wright, BSV supporter, against anonymous critic.