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VOTEism Launches Anonymous and Encrypted Political Opinion Polling App – Devdiscourse

Hyderabad, Telangana, India Business Wire India VOTEism, an open source project, has launched a new app aimed at bringing transparency and privacy to political opinion polls in India. VOTEism was developed by a volunteer team of experts in cybersecurity and political science who recognised the need for a secure and privacy driven platform for political opinion polling. The app's unique encryption technology ensures that all opinion polls remain anonymous and protected even in the case of data breaches.

''We believe that political opinion polling should be transparent and private,'' said Venkat Y, the team lead of VOTEism. ''Our app aims to address the concerns around privacy and data protection, which are vital when it comes to political opinion polls.'' VOTEism's apps are available on both iOS and Android devices, and users can vote anonymously. The app's encryption tech ensures that all data remains secure, and the open-source code allows anyone to verify the app's functionality, providing further transparency.

''Transparency is essential when it comes to political opinion polls," said Venkat. ''Our transparency statement, available at https://docs.voteism.org/transparency, outlines our commitment to open communication, accountability, and data protection." VOTEism aims to provide a trustworthy platform for political opinion polls in India, ensuring that users' opinions are accurately represented without fear of retribution or negative consequences. The apps are free to use and available for download now at https://ios.voteism.org and https://android.voteism.org.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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Thales Unveils CipherTrust Ransomware Protection to Safeguard … – Thales

According to the 2023 Thales Data Threat Report, 49% of IT professionals reported an increase in ransomware attacks with 22% of organisations having experienced a ransomware attack in past 12 months. Ransomware attacks can bring business operations to a grinding halt by blocking access to critical data until the attack is resolved a major threat to organizations concerning cost and reputation. In addition to existing perimeter controls, a data-centric approach is needed to safeguard critical data from being encrypted by unauthorized processes.

With CTE-RWP, the CipherTrust Data Security Platform brings a new level of protection to the fight against ransomware. CTE-RWP helps protect against ransomware attacks by monitoring the file system and detecting, flagging, or blocking unwanted encryption and data exfiltration. Specifically, CTE-RWP enables setting trusted lists for critical applications and designating guardpoints to flag or block processes attempting data exfiltration or encryption. CTE-RWP offers real-time behavioral analysis for user system applications and processes, so customers may use and engage with their files and folders securely and seamlessly.

Todd Moore, vice president of data security products at Thales: CISOs and cybersecurity teams are devoting more time than ever to protecting against ransomware. The release of this new Ransomware Protection helps bring an industry-leading solution to market, strengthening the Thales CipherTrust Data Security Platform and offering further protection against an ever-increasing threat to data. Organizations must come to terms with the fact that ransomware will continue to proliferate and put multiple measures in place to safeguard their valuable data against inevitable attacks in the future.

Learn more about Thales CTE-RWP here.

About Thales

Thales (Euronext Paris: HO) is a global leader in advanced technologies within three domains: Defence & Security, Aeronautics & Space, and Digital Identity & Security. It develops products and solutions that help make the world safer, greener and more inclusive.

The Group invests close to 4 billion a year in Research & Development, particularly in key areas such as quantum technologies, Edge computing, 6G and cybersecurity.

Thales has 77,000 employees in 68 countries. In 2022, the Group generated sales of 17.6 billion.

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What Is Zero-Knowledge Security and Why Is It Critical Today? – MUO – MakeUseOf

As were shifting more of our personal and professional lives online, protecting our online security and privacy has become more challenging than ever before.

Security breaches are still on the rise and cybercriminals are constantly coming up with new, more sophisticated cyberattacks that can sneak past traditional security solutions. Utilizing a virtual private network (VPN), a password manager, or secure cloud storage is repeatedly recommended as a way to reduce this risk.

But how can you be sure the service provider will keep all your sensitive data a secret? Well, the solution lies in zero-knowledge security.

The zero-knowledge security model utilizes zero-knowledge encryption and data segregation to make sure all your data is safe from data breaches. If your service provider has a so-called zero-knowledge architecture, it means it doesnt know anything about the data your store on its servers nor has a way to access itthats why we call it "zero-knowledge".

Some of the core principles of the zero-knowledge security model are:

As you can see, with the zero-knowledge security model youre the only one who can access your data in its unencrypted, readable form. So, even if the company storing your data gets hacked and cybercriminals get their filthy hands on your data, they wont be able to do anything with it. Not even the company itself can access your unencrypted data, let alone common cybercriminals.

However, as weve learned from the unfortunate case of the LastPass data breach, theres still a small chance that criminal minds could make off with some parts of your datawith unencrypted site URLs, customer names, email addresses, and partial credit card numbers in this case.

However, LastPass is still the only password manager that suffered a serious data breach, otherwise, password managers are one of the safest ways to store your passwords.

Were living in a world where our personal information is not only stored and processed by a worrying number of organizations but also sold to third parties and used in marketing. If compromised in a data breach, this information could put us at risk of identity theft.

Besides being bad news for customers, data breaches are bad for businesses toothey can deal long-term damage to the company's reputation, lead to financial loss, and leave a company without its most valuable asset, its data.

However, theres a solution to this serious cybersecurity challenge, and it starts with applying a zero-knowledge security model and building a cybersecurity architecture around it. With all customer data being encrypted on the customer side, even in the event of a data breach only encrypted data can be exposed to cyber criminalsand the power of zero-knowledge encryption makes this data useless to them.

Combined with zero trust, zero-knowledge security can stop most data breachesor ease the consequences of them at the very least. So, its pretty safe to say the zero-knowledge security model is here to stay.

Companies that store sensitive data can only benefit from the implementation of zero-knowledge architecture, and the same is true for their customersusso, its a win-win situation for both companies and their customers.

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4 Solutions to Try If You Cannot Find BitLocker in Windows – MUO – MakeUseOf

BitLocker is a powerful encryption tool designed to safeguard data on Windows systems. However, there are instances when BitLocker may not be readily accessible or visible to users. This can occur due to various reasons, such as system or hardware limitations.

In this article, we will explore the potential causes of this issue and discuss solutions that can help you address the problem effectively.

If you are unable to find BitLocker in Windows, it might be because of one or more of the following reasons:

Now that we know about the potential causes, let's focus on the troubleshooting methods that can help you fix the problem in no time.

As we mentioned earlier, BitLocker is not supported by all editions and versions of Windows.

To get started, check the edition of Windows you are using. BitLocker is available in Pro, Enterprise, and Education editions in Windows 10 and 11. In Windows 8, Pro, and Enterprise editions support it.

You can check your edition by navigating to Settings > System > About. This information will be available under the Windows specifications section.

We also recommend making sure that the version of the edition you are using supports BitLocker. Versions refer to the specific releases of Windows and are typically identified by a number or name.

If your Windows edition supports BitLocker, then the next thing you should do is check if the minimum requirements for this utility are met. Here is what your system should have:

If your system meets all the minimum requirements for BitLocker encryption, but you are still unable to find BitLocker in Windows, the issue may be related to other factors. In such cases, you can move on to the next troubleshooting method.

To access and use BitLocker, the BitLocker Driver Encryption Service must be up and running in Windows. If this service is either disabled or has gotten corrupt, you are likely to run into the problem at hand.

Here is how you enable/restart this service:

Once done, you can close the Services windows and check if you can now locate and access BitLocker without any issues.

There is also a chance that an administrator or another user has disabled BitLocker via the Group Policy Editor. You can undo these changes by enabling the relevant policy in GPE. However, to proceed with this method, you will need administrative access to the system.

If you do not already have it, you can switch to an administrator account or seek assistance from your administrator.

Here is all that you need to do:

Not being able to locate BitLocker in Windows can be frustrating but fortunately, there are several solutions that you can try to fix this issue once and for all. We hope that the solutions listed above helped you identify the root cause of the problem and resolve it.

If you continue to experience issues with BitLocker in the future, we recommend getting in touch with Microsoft support for further assistance.

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9 Security Functions Your Organization Should Automate – Techopedia

The statistic is staggering: A cyberattack happens every 39 seconds on average. Although every company wants to ensure its systems and data are secure, the massive number of attacks means that security team members cant do it on their own.

To protect systems from cyber threats and cyberattacks, organizations need to automate as many security functions as possible. Since security automation eliminates manual security processes, it takes the pressure off security teams and reduces the human errors that can increase attacks.

Automating security functions enables organizations to better detect threats, reducing the probability that they will be hit with cyberattacks and accelerating incident responses to lessen the harmful effects if attacks do occur.

Companies that use automation (along with artificial intelligence) shorten the security breach lifecycle by 74 days and decrease the cost of a breach by as much as $3 million, according to IBM,

Here are nine security functions that companies should automate:

Data breaches are skyrocketing, and new threats are appearing weekly. The average cost of a data breach in the United States in 2022 was $9.44 million, higher than the global average of $4.3 million, according to IBM.

Companies that use strong encryption can reduce the cost of a data breach because the real harm of a breach comes when malicious actors are able to read and use the data that theyve accessed. But if organizations encrypt their data, theres little chance that cybercriminals will be able to read it. However, many companies dont encrypt their data. Rather, they implement other security technologies that keep cybercriminals from accessing the data instead of actually encrypting it.

Automated encryption tools encrypt data in transit and data at rest and they can also handle automated and continuous backups. Then if a company experiences a ransomware attack, all it has to do is quickly roll back to the last encrypted backup, with little disruption to operations or downtime. This also allows the organization to ignore the attackers ransom demands.

As of April 25, 2023, there are more than 213,000 entries in the National Vulnerability Database. Cybercriminals exploit these software and systems vulnerabilities to attack companies before vendors are able to release security patches. Since its just not possible for security analysts to find and repair all these security vulnerabilities before cyberattackers take advantage of them, its critical for companies to automate vulnerability scanning to identify and evaluate weaknesses based on their severity and potential impact, then prioritize the identified vulnerabilities based on their risk scores.

Alert triage tools automatically assess and prioritize threat alerts, removing the need for human intervention. These tools also cut down on false positives, enabling security teams to operate more efficiently and improving the cyber defenses of their organizations.

Organizations can stop cybercriminals from gaining access to their networks and stealing their data by identifying and responding to potential threats as early as possible. Companies can use automated threat detection and response tools to investigate, validate, and fix threats. And they can use advanced technologies, such as machine learning and artificial intelligence, to predict, stop, and maybe even prevent cyberattacks.

These automated tools can detect threats more accurately than members of organizations security teams. By automating time-consuming, monotonous, and repetitive security tasks, organizations can respond to threats much more quickly, while reducing human error.

AI-powered deception technology deploys realistic decoys, e.g., databases, servers, files, apps, and domains, to lure cyberattackers. As soon as attackers interact with these decoys, the technology begins gathering intelligence that it uses to alert organizations security teams who can then take action to address/remove these threats, stop potential breaches, and ensure data remains secure.

Members of organizations security teams spend much of their workdays manually administering tools to ensure sensitive corporate data is secure. But spending so many hours manually collecting data is not very productive. Automating such tasks as log and asset management and collecting data can free up skilled security team members time so they can work on high-value tasks that need human intervention, making security operations more efficient.

Automating data privacy functions can ensure organizations are in regulatory compliance. AI-powered tools can navigate organizations environments and identify processes that arent compliant with regulations and requirements without having to complete full audits. Ensuring companies meet regulatory compliance requirements is critical to keeping systems secure.

Testing is another piece of cybersecurity that is very time-consuming. Still, organizations need to perform vulnerability testing and simulated attacks to ensure their systems and data are secure. But many companies put testing off or test infrequently because the process is so time-consuming.

Today, organizations can use automated simulated attacks to boost security as these simulationsrecreate behaviors of cybercriminals and identify processes and controls that are performing well and those that need to be patched.

When it comes to ensuring the security of applications, a manual approach is no longer viable. Thats because DevOps deployments continue to increase as more organizations use low-code and no-code tools and application programming interfaces. In addition, a manual approach can introduce human error that can create risks that cause security breaches.

Companies can use automated tools to secure their applications, including checking for encryption protocols, authorization, and authentication. Organizations can also use automation to scan apps for known security flaws.

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6 Reasons Macs Are More Secure Than Windows PCs – MUO – MakeUseOf

It's a general consensus in the computer world that Apple's Macs are more secure than Windows computers. But how did this come to be, and why?

Here, we've explored the various reasons focusing not just on malware but on other fundamental security points like privacy and unauthorized breach. This will give you a general scope of Mac's security and help you make an informed decision.

Apple has put into cognizance that some of its users might be targets of highly sophisticated, concerted cyberattacks. Knowing this, the company created a mode that users can turn on to stop or at least mitigate such attacks.

When a Mac is in Lockdown Mode, most message attachments won't work, web browsing becomes restricted, and FaceTime calls from people you haven't called before get blocked. It also includes other protective measures, such as restricted access to accessories and certain applications.

You can activate this mode on a Mac from the Privacy & Security menu in System Settings. Apple also offers Lockdown Mode on iPhones and iPads running iOS 16/iPadOS 16 and later.

Unfortunately, Windows PCs don't have a feature that works as conveniently as Lockdown Mode to stop concerted cyberattacks.

Apple's Mail app in macOS has a few features that make it more private than third-party email clients.

One of the best privacy features is the Mail Privacy Protection feature. It tries to hide your mail activity by masking your IP address and loading content in the background so that email trackers find it harder to see your activity. Otherwise, they may be able to see when you viewed the message, how many times you viewed it, and if you forwarded it; they may also be able to see your IP address.

Another useful privacy-oriented Mail feature is Hide My Email. It's an iCloud+ feature that hides your email when you register online, fill out an online form, or create accounts. It generates a random email address that forwards information to your main email address. This can help prevent third parties from selling your information.

This combination of email privacy features makes it far safer to conduct email activities on a Mac than on a Windows computer. You can find Hide My Email in the iCloud section of System Settings.

Among the conventional ways of preventing malware, macOS has two features that make it safer against suspicious programs and processes.

The most apparent one of the two is Gatekeeper. When you download and attempt to install an app from the internet, Gatekeeper quarantines the app and uses Xprotect to scan for malware. It also reads the digital signature of the app, and it will block the installation attempt if it's not from a verified source.

You can choose to bypass Gatekeeper in the Privacy & Security section of System Settings since there are many good apps out there that are classified as "unverified." But it does a good job of ensuring you really want software that could be dangerous. If you'd rather not use it at all, there's a way to completely disable Gatekeeper with Terminal.

The second feature is SIP (System Integrity Protection), a hidden feature that stops unauthorized processes from modifying system files and directories. System files store vital information macOS needs to run smoothly.

You can also disable SIP. However, most modern macOS-supported apps don't need you to disable SIP to work, and if it does, then it most likely is some kind of malware or unoptimized software.

As an extension of its robust anti-malware build, macOS uses a virtual sandbox technology to limit what installed apps can access. Therefore, applications can only use limited system files and resources expressly granted by the system administrator or user.

For example, if an app requests location information and it wasn't previously granted to the said app, macOS will block such a request. This will stop malware that manages to get past Gatekeeper from causing serious damage.

This sandboxing makes macOS less versatile than Windows, but it's worth sacrificing for more security. Apple also has sandbox technology integrated into the Messages app on iOS devices.

In 2011, Apple introduced a feature that encrypts all the information on the Mac's hard drive so that only authorized users can access it. This feature is called FileVault full-disk encryption, and when you turn it on, you must input a password after you close or sign out of your computer; otherwise, any information on the drive will be unreadable.

FileVault works using XTS-AES 128 block cipher technology, which many consider military-grade level encryption. No one can access data from your Mac without the linked recovery key and your chosen password.

If you use your Mac to store sensitive information like financial information or sensitive work documents, then you can really benefit from the extra security that FileVault offers. Windows has no built-in disk encryption like FileVault, even though there might be third-party or unconventional workarounds to protect your data.

Windows and macOS aren't built on the same software infrastructure. Early versions of Windows were made with Microsoft's own MS-DOS platform, whereas Apple built macOS with the open-source Unix platform.

While Microsoft no longer uses MS-DOS for newer versions of Windows, a lot of its architecture and build are from those days. However, Unix is versatile and has been used in various other operating systems like PlayStation system software and Linux.

Thanks to how much it's used, there's a joint effort to keep Unix secure. On the other hand, Microsoft has to do all the security work by itself, leaving more room for vulnerabilities.

Based on everything we discussed, it seems practical to opt for a Mac if you would like a computer that's already secure by default. And while Windows PCs are more flexible, you could pay for that with less security.

Apple puts security and user privacy at the forefront, which is evident from the various security features that macOS offers. So, until Microsoft catches up in the security department, macOS will continue to be the more secure platform.

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ViperSoftX InfoStealer Adopts Sophisticated Techniques to Avoid … – The Hacker News

Apr 28, 2023Ravie LakshmananData Security / Malware

A significant number of victims in the consumer and enterprise sectors located across Australia, Japan, the U.S., and India have been affected by an evasive information-stealing malware called ViperSoftX.

ViperSoftX was first documented in 2020, with cybersecurity company Avast detailing a campaign in November 2022 that leveraged the malware to distribute a malicious Google Chrome extension capable of siphoning cryptocurrencies from wallet applications.

Now a new analysis from Trend Micro has revealed the malware's adoption of "more sophisticated encryption and basic anti-analysis techniques, such as byte remapping and web browser communication blocking."

The arrival vector of ViperSoftX is typically a software crack or a key generator (keygen), while also employing actual non-malicious software like multimedia editors and system cleaner apps as "carriers."

One of the key steps performed by the malware before downloading a first-stage PowerShell loader is a series of anti-virtual machine, anti-monitoring, and anti-malware checks.

The loader then decrypts and executes a second-stage PowerShell script retrieved from a remote server, which then takes care of launching the main routine responsible for installing rogue browser extensions to exfiltrate passwords and crypto wallet data.

The primary command-and-control (C&C) servers used for the second stage download have been observed to change on a monthly basis, suggesting attempts on the part of the actor to sidestep detection.

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"It also uses some basic anti-C&C analyses by disallowing communications using web browsers," Trend Micro researcher Don Ovid Ladores said, adding the updated version of ViperSoftX scans for the presence of KeePass 2 and 1Password password managers.

As mitigations, it's advised that users download software only from official platforms and sources, and avoid downloading illegal software.

"The cybercriminals behind ViperSoftX are also skilled enough to execute a seamless chain for malware execution while staying under the radar of authorities by selecting one of the most effective methods for delivering malware to consumers," Ovid Ladores added.

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Why anonymity is key to self-autonomy And how crypto helps freedom movements win – Cointelegraph

In the mid-2010s, the Islamic State was rapidly advancing through Iraq and Syria, conquering territory and terrifying residents. However, one group of Kurds in Northern Syria representing the de facto autonomous Democratic Federation of Northern Syria, in an area known as Rojava, successfully fought back the Islamic State and captured the attention of the world.

Many people from around the world went to Rojava to fight, but one lesser-known story made ripples in the crypto world: Some volunteers traveled there to help build blockchain and technological literacy and experiment with the potential of cryptocurrencies like Bitcoin (BTC) to serve as a tool for revolutionary change. After all, Rojava promotes decentralization, autonomy and self-empowerment sound familiar?

On Episode 10 of The Agenda, hosts Ray Salmond and Jonathan DeYoung were joined by DarkFi co-founder Rachel Rose-OLeary and community member Kato, who discussed their work volunteering in Rojava and how those experiences inspired and relate to their current involvement in DarkFi, an anonymous blockchain protocol.

OLeary traveled to Rojava in late 2018 after feeling disillusioned with the crypto space and how far it had seemingly strayed from its early cypherpunk roots. I was convinced at that time that Rojava was a place where the ideals of crypto were being fielded and tested, she said. OLeary was inspired by Amir Taaki, an early Bitcoin pioneer who himself traveled to the region to volunteer.

Meanwhile, Kato first discovered crypto while already in Rojava. I basically got interested in crypto and in privacy technologies because of the actual need of the people, he shared. I saw the actual use cases, and a lot of people at that time already around the world started using crypto for practical means, like for sending money around.

OLeary spent much of her time volunteering very much with building educational infrastructure, especially in terms of technology including introducing people to crypto and blockchain. Its a very interesting environment for crypto because of the fact that there are no banks, she shared. Also, there is no state. So, cryptocurrency is a really interesting like financial paradigm for that kind of a context.

Related: Privacy has become a taboo, says crypto-anarchist project DarkFi

When asked about whether crypto education is continuing in Rojava in 2023, Kato responded, There are technical academies and education centers in Rojava, and even new ones have been opened over the last years. However, the work remains difficult, as the war is a huge pressure, not just on technical education but on all social fields.

OLeary went on to co-found DarkFi, an anonymous layer-1 blockchain protocol of which Kato is also an active community member. For OLeary, privacy is essential for the ability of communities to operate freely and autonomously, and the anonymity provided by encryption represents a 21st-century tool for people to express themselves fully:

When asked about the future of privacy and whether its possible to break free from the mass surveillance paradigm, Kato said that were going to have that struggle for a long time, and for much longer than decades, adding: Its maybe the most fundamental struggle of human society.

But is there light at the end of the tunnel? Kato believes that through decentralized tools like blockchain, we have this technology to be able to develop our own financial and economic systems that are actually democratically managed by the people who use them according to what they actually need.

There are moments in history where technology reconfigures the nature of power, and the printing press is a very common example, added OLeary. I think we have a similar situation now happening in cryptocurrency, where its hard to see now because were just at the onset of it. But the basis of power is in the process of being reconfigured by virtue of these technologies.

To hear more from Kato and OLearys conversation with The Agenda including their takes on venture capital funding, decentralized finance, and solarpunk vs. lunarpunk listen to the full episode on Cointelegraphs Podcasts page, Apple Podcasts or Spotify. And dont forget to check out Cointelegraphs full lineup of other shows!

Magazine: Bitcoin in Senegal: Why is this African country using BTC?

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the authors alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Update (April 28 at 1:23 pm UTC): This article has been updated to reflect that Kato is an active community member of DarkFi but not a developer

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Ohio Bitcoin thief photographed in cash-filled bathtub gets 4-year jail term – WION

A man from Ohio in the United States of America was given a four-year prison sentence after being caught on camera in a bathtub filled with dollars. He allegedly stole 713 Bitcoins froma now- seized computer device.Agents stumbled uponhis picture in a cash tub at a nightclub after the Bitcoins disappeared from the The Internal Revenue Service's (IRS)device.

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After entering a guilty plea in January, Gary Harmon, 31, was sentenced on Thursday by US District Judge Beryl Howell in Washington, DC, as reported by NewsBytes.

He also agreed according to the US Justice Department, to forfeit cryptocurrency and other assets totaling more than $20 million.

In April 2020, Harmon had copied eight Bitcoin wallets that had been kept on a device in an evidence locker at the Internal Revenue Service using his brother's login details.

The 713 Bitcoins he stole were worth $4.9 million at the time. For laundering $311 million in cryptocurrency transactions on Darknet platforms, Harmon's brother Larry was accused in February 2020.

ALSO READ |Explained | Mystery surrounding the identity of Bitcoin founder. Who is Satoshi Nakamoto?

After it disappeared from the device, a photo was found on Harmon's mobile phonewhere he was sittingin a cash-filled bathtub.

Prosecutors claim that Harmon used some money to buy an expensive condo in Cleveland and put up 68 Bitcoins as security for a $1.2 million loan.

Harmon learned that his brother had kept Bitcoins on a Trezor device, but that the authorities needed the "seed phrase" to access them.

ALSO READ |Air India's expansion takes flight: Airline set to hire over 1,000 pilots

Bitcoins can be handled by someone who has that phrase plus an additional pin.

"While the conduct was certainly illegal, it is practically no different and no more sophisticated than obtaining a key to a safe deposit box and taking the contents of that box," Harmon's lawyer said.

The prosecutors, however, refuted the assertions made by the attorney.

Due to Harmon's 21 months of "extremely harsh conditions" in custody, Harmon's attorney requested a sentence of three years.

Harmon consented to the confiscation of cryptocurrencies and other assets that were the proceeds of the theft,including more than 647.41 Bitcoin (BTC), 2.14 Ethereum (ETH), and 17,404,400.64 Dogecoin (DOGE). Because of the increase in market prices, the total value of these forfeitable properties exceeds $20 million.

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What is the Bitcoin Whitepaper Why It Matters – Watcher Guru

What is the Bitcoin Whitepaper and why does it matter? Today we cover what it is.

Imagine a world where financial transactions are secure, fast, and free from intermediaries. A world where you have complete control over your money and can send it to anyone, anywhere, at any time

It sounds like a utopian dream, right?

Well, guess what?

This dream has already become a reality thanks to a revolutionary invention known as Bitcoin.

Lets take a step back and understand the foundation of this digital revolution: the Bitcoin whitepaper.

In October 2008, a mysterious figure named Satoshi Nakamoto released a nine-page document titled Bitcoin: A Peer-to-Peer Electronic Cash System.

This document, now commonly known as the Bitcoin Whitepaper, laid the groundwork for creating the first-ever cryptocurrency.

To this day, the true identity of Satoshi Nakamoto remains a mystery.

However, the revolutionary ideas presented in the whitepaper have profoundly impacted the worlds of finance and technology.

The Bitcoin whitepaper birthed the first cryptocurrency and sparked the entire blockchain industry, leading to over 4,000 unique cryptocurrencies.

We will examine the whitepapers fundamental ideas, their significance in the crypto world, and their ongoing importance.

You might be wondering, What is the Bitcoin Whitepaper?

Simply put, it is a document that details the technical aspects, philosophy, and purpose behind the invention of Bitcoin.

The Bitcoin whitepaper explains how Bitcoin works through decentralization, the blockchain, cryptographic hashing, and proof of work (PoW).

Decentralization is key, as it removes the need for a central authority and instead relies on a network of nodes to validate and record transactions on the blockchain. This distributed system ensures resistance to censorship, fraud, and corruption.

The blockchain is a vital component of the Bitcoin system. It is a continuously growing ledger of transactions, grouped into blocks, and secured using cryptography.

Blocks in the blockchain contain a list of transactions and unique identifiers. Each blocks hash is linked to the previous block, creating an immutable chain.

This design provides tamper resistance, as changing a block requires changing all subsequent blocks, which is computationally infeasible.

The whitepaper also introduced Proof of Work, a consensus algorithm that uses miners to solve mathematical problems and validate transactions.

This process secures the network and ensures new coins fair and transparent distribution.

Now that you know the answer to What is the famous Bitcoin paper? lets discuss the role of whitepapers in the broader cryptocurrency industry.

A whitepaper is crucial to creating and launching any new cryptocurrency or blockchain-based project.

It is a comprehensive guide that provides potential investors, developers, and users with a clear understanding of the projects goals, technology, and roadmap.

A well-written whitepaper should cover several key aspects, including the problem the project aims to solve, the proposed solution, the technology and architecture behind it, the tokenomics (i.e., the distribution, allocation, and use of tokens), the team and their qualifications, and the projects roadmap and milestones.

By providing this information, a whitepaper helps build trust and credibility, as it demonstrates the teams commitment to transparency and allows potential investors to make informed decisions.

In the fast-paced and often volatile world of cryptocurrencies, whitepapers play a vital role in helping investors and users differentiate between legitimate projects and scams.

A poorly written or incomplete whitepaper may indicate that the project is poorly thought out or lacks the necessary resources to succeed.

On the other hand, a well-researched and professionally presented whitepaper can generate excitement and attract funding and community support, propelling the project toward success.

First, the significance of the Bitcoin whitepaper cannot be overstated.

Second, it has laid the foundation for the worlds first cryptocurrency and inspired countless innovations and new projects in the blockchain space.

The impact of the whitepaper is evident in the rapid growth and widespread adoption of cryptocurrencies and blockchain technology, which have the potential to disrupt various industries, from finance and supply chain management to healthcare and gaming.

By introducing the concept of decentralized, trustless systems, the Bitcoin whitepaper has challenged traditional financial institutions and paved the way for the rise of decentralized finance (DeFi).

As a result, DeFi platforms leverage blockchain technology to offer financial services such as lending, borrowing, and trading without the need for intermediaries like banks or payment processors.

This can increase financial inclusion, reduce fees, and empower individuals to take control of their financial lives.

Moreover, the whitepaper has inspired the development of various blockchain platforms, such as Ethereum, that enable the creation of decentralized applications (dApps) and smart contracts.

These innovations have expanded the use cases of blockchain technology beyond mere cryptocurrencies. They are opening up new possibilities for solving complex problems and driving efficiency across various sectors.

In conclusion, the Bitcoin whitepaper remains influential.

It inspires new ideas in the cryptocurrency and blockchain industries.

Its principles are relevant in todays digital world.

Understanding its technical aspects is essential to navigating cryptocurrencies and identifying promising projects.

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What is the Bitcoin Whitepaper Why It Matters - Watcher Guru

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