Open-source, open opinion

 

The Bit

The 1.7 billion dollar ICO from Telegram released the code to their security processes for user data, and people have opinions on how to improve their security. 

The Bigger Picture

Telegram is developing an identity verification app called Passport. It;s necessary because Telegram will be integrating cryptocurrency payment methods within the messaging app. So now that ID information of around 100 million active users will be stored on their servers, security is extremely important. The plan is to use Telegram’s cloud with end-to-end encryption at first, but slowly migrate to a decentralized storage style. However, on a deeper level, Virgil Security pointed out that their process lacks verification signatures, and the SHA-512 hash algorithm used to store user passwords is fairly simple to break through. But any hackers would have to gain access to the Telegram cloud first.  

Sony is sprinting and sweating

 

The Bit

Sony has two patent proposals for hardware devices to maintain a distributed ledger, and another to access a distributed ledger

The Bigger Picture

The first describes the functioning of a blockchain network, where mining validates transactions and “may use some kind of reward (currency), such as bitcoin as currency and/or as reward for performing mining.” The second proposal notes the importance of a diverse network, with many miners. It proposes using virtual computing systems within the network of nodes to multiply the total number of nodes by 10, where the majority are virtual systems, not wholly unique hardware and software systems.   

No copycats allowed

 

The Bit

The idea is admittedly nothing new by HandShake and their founders, decentralized certificate authority and naming, but they are making sure there’s no copycats. 

The Bigger Picture

The process essentially validates the fact that, say, Amazon.com is Amazons and they have rights to Amazon.com on the decentralized internet. Most platforms have put themselves as the middle-man in this process to validate proper ownership. But now HandShake has created automation that will perform this function without them, and they even plan on removing their own website in the hopes that there will be little to no evidence that the process was started by a centralized organization at all.   “Our goal with PIA is to bring back the Wild Wild West that we loved so much, because it creates a system in which people are able to learn what they wish to learn, say what they wish to say, experience what they wish to experience, and create what they wish to create. I know this sounds corny, but an internet without boundaries or limitations, in which we can achieve our dreams, is our goal.” - Andrew Lee, Principal of HandShake and creator of PIA