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Milestones In the History of the Bitcoin cryptocurrency – TechBullion

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As the 21st century has started people have started using the internet more and more. People have started trusting the internet upto an extent that they are ready to invest in it too.

Although a number of attempts have already been made before the year 2008, none of them succeeded. People tried many times but didnt make it to the end. For example B-Money and Bit-Gold never made to the market.This was in 2008, when the Bitcoin digital currency was introduced.

As soon as Bitcoin was launched it started gaining a huge fame and popularity. The following paper will reveal some of the milestones of the Bitcoin digital currency.

Back in the year 2008, a paper titled: Bitcoin-Peer to Peer Electronic Cash System was sent to the authorities of the cryptocurrencies discussion. This paper was the first thing that came from the developers of the Bitcoin cryptocurrency. This paper was sent by a team or individual calling themselves as santoshi nakamoto. The most astonishing thing about the publisher is that their identity is still a mystery and they are totally anonymous till date. This paper contains everything about the concept and working of the Bitcoin cryptocurrency network. It was the base of the future cryptocurrency called the Bitcoin digital currency.

The amazing cryptocurrency called the Bitcoin cryptocurrency was made available for the public use in the start of the Year 2009. the software of the Bitcoin cryptocurrency was very easy to use and that was a major reason why It gained a lot of popularity among the public in a very short duration of time.

In the month of January 2009 the Bitcoin cryptocurrency was launched for the first time and in the same month the first transaction around the Bitcoin currency was made successfully. As soon as the Bitcoin cryptocurrency was launched the mining of the Bitcoin started as well . The year 2009 was pretty dope for the development and success of the Bitcoin cryptocurrency.

In the 2010 debate, going pro currency started gaining more attention. As we mentioned that Bitcoin cryptocurrency was mined in the year 2009. However the first trading at the Bitcoin cryptocurrency was made in 2010 after the Bitcoin cryptocurrency was valued for the very first time. Back then people were not aware of the value and the upcoming future of the Bitcoin cryptocurrency. Thats why they swap the Bitcoin cryptocurrency without knowing the actual future of it.

If they had the Bitcoins right now they could easily make $100000000 out of it pretty easily. Well we all know that this is the part of every product and its journey.

In the year 2011 many other digital currencies started emerging as a competition with the Bitcoin cryptocurrency. The examples include Namecoin, Litecoin etc. Although there are many hundreds of digital currencies that are being circulated in the trading market right now but none of them gain as much popularity as the Bitcoin cryptocurrency.

As time was passing by the amount to popularity gained by the Bitcoin cryptocurrency was also increasing. a large number of companies and other organisations started dealing with the Bitcoin cryptocurrencies and started accepting payments in the form of Bitcoin cryptocurrency. With the increasing Fame and popularity the rate and the created value of the Bitcoin cryptocurrency also started to rise. In the year 2017, Bitcoin reached a point that was never seen before in the history of the digital currency. It gained a price of 10,000 US dollars which was a big thing for a currency launched recently.

Although the Bitcoin cryptocurrency was launched by a developer who is still anonymous , irrespective of this fact the Bitcoin cryptocurrency has gained a lot of success among its users and has won their trust. By the end of the year, there were many exchanges that had been launched, and it was one of the most searched topics in the world. In countries like Denmark, there was a lot of competition and traffic in Danish websites about buying, selling and investing in Bitcoin. After December of 2017, Bitcoin had one of the biggest crashes ever seen. It went all the way from nearly $20,000 USD to an average of $6,000 USD per coin.

Although the Bitcoin cryptocurrency stays unaffected by all the convention factors that affect the local currency, it still gets affected by them to some extent. As we all know, every year 2020 has been pretty unexpected due to covid-19 pandemic. The finance market of the whole universe has crashed to a great extent but if we see the Bitcoin cryptocurrency we will observe that it has raised its value to a great extent in the year 2020. Bitcoin digital currency has gained record-breaking success in the last year. By the end of the year 2020 Bitcoin was at a price that was never seen before.

Whatever you think or say about the Bitcoin cryptocurrency but you can never deny the popularity and trust it has gained in such a short duration of time. The thing that has benefited the Bitcoin to the currency most is the fact that it was in a totally decentralized manner. The Bitcoin cryptocurrency is not in the control of any Bank or government. It works in a totally independent manner. You can trade as well as invest in the Bitcoin cryptocurrency the following summary simple steps. like everything Bitcoin currency has also its drawbacks but it all depends on the users and his strategy. If you want to play with Bitcoin cryptocurrency you have to be pretty careful so that you can avoid any unexpected unfortunate circumstances.

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Fiats sustainable driving cryptocurrency is utter bollocks – The Next Web

*Sigh*

I thought wed moved on from stuff like this. Its not 2017 anymore, but obscure and useless cryptocurrencies are still trying as they might to be A Thing. In recent weeks, you might have seen headlines touting Fiats new partnership with cryptocurrency KiriCoin but please, dont get swept up by its novelty.

According to a press release by Fiats owner Stellantis, KiriCoin is embedded in the ever lovable Fiat 500s accompanying app. Careful and economical drivers will, in theory, be rewarded with KiriCoin which can then be spent in KiriMarket, the cryptocurrencys own marketplace. (FYI: I was going to link to the digital storefront, but the URL is flagged by my browser as a security risk, take that for what you will).

In the press release, Stellantis said drivers would be rewarded with Amazon, Apple, Netflix, and Zalando gift cards, however, none of these appear yet on the Kiri marketplace.

However, as Road Show by CNET points out, theres virtually nothing of any value in the store right now. While that could change in future, dont expect it to.

Cryptocurrency and blockchain startups have a habit of wooing bigger, well-known companies into getting onboard with their revolutionary technology. They make big promises, use a lot of buzzwords, and ultimately offer the bigger companies terms that dont really come with any inherent risk.

But they also dont come with any inherent value.

At worst, the well-known firms stand to look a bit silly, at the worst, if things dont pan out. In this case, if KiriCoin turns out to be bunk, which it probably will do, Fiat can just remove the functionality from the app or find another way of rewarding its drivers.

In reality, if Fiat realllllly wanted to, it could develop its own database of drivers, and arbitrarily reward them with points that get them discounts on useful stuff like tires, servicing, fuel, and so on.

Instead, partnering with KiriCoin gives Stellantis a fast route to being able to say that its the first automotive manufacturer to reward its customers for sustainable driving behavior. On the surface, that sounds like quite an honorable pursuit.

Theres not really any reason for Fiat to partner with a company like Kiri Technologies, other than to get the platform up and running quickly, and make brash, semi-substantiated claims on a press release.

Whats more, youre also going to have to drive a lot to earn anything worth spending.

The announcement says that one kilometer of city driving is equal to about one KiriCoin, which itself is worth around two euro cents. So, to earn 150 you will have to complete 10,000 km of city driving in a year.

In a weird round about sort of way, this is actually incentivizing people to drive in cities, which is hardly the most sustainable choice in the first place. By driving less each year, you could quite easily save 150 in fuel. So Im not sure the logic here entirely checks out.

Other similar schemes, run in the West Midlands of England are instead rewarding drivers for not using their cars, which sounds like a far more sustainable option.

Whilst it appears to be the first to get it off the ground, Stellantis isnt the first carmaker to entertain a cryptocurrency rewards program.

Jaguar Land Rover has supposedly been in talks with IOTA to use the blockchain startups tech to reward drivers for sharing data about their journeys. That was a couple of years ago, and yet we still have nothing, and its not clear where those conversations lead.

Back in 2019, a new app launched to Product Hunt, called Lympo Squat. It used your phone camera to track your movement as you do squats, it would then reward you in Lym tokens for every successful squat.

I did the math, and youd have to do 5,000 squats to earn $8. As with Fiat and KiriCoin, you have to do a lot for it to be worthwhile at all. And if you really care about sustainability and the environment, you shouldnt need some poxy cryptocurrency to get you driving sensibly. If you do, you deserve to get nothing for your efforts.

At the moment, Fiats KiriCoin partnership is only available in 13 European countries, but I wouldnt worry if you feel like youre missing out youre really not.

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Published March 23, 2021 09:47 UTC

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GSA to Hold Auction for Excess Cryptocurrency Assets – ExecutiveGov

Cryptocurrency

The General Services Administration (GSA) will hold its second-ever cryptocurrency sale on March 29th as part of the federal governments clearinghouse operations for excess bitcoin assets. GSA Auctions will open commission-free bidding activities at 4 p.m. CT, the agency said Wednesday.

GSA will auction off 6.79 bitcoin, which is valued at over $383,000 and will be segmented into 10 lots. Bidding will take place within 48 hours and close on March 31 at 4 p.m. CT.

Thomas Meiron, a regional commissioner at GSAs Federal Acquisition Service, said the auction serves as the agency's first steps wading into the cryptocurrency market and that he expects the event to generate excitement among investors in cryptocurrency.

Winning bidders must have a digital wallet and are required to make payments through wire transfer by April 2nd. GSA Auctions also handles bidding activities for federally-owned items such as vehicles, office furniture, collectibles and scientific equipment.

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New research reveals the differences between cryptocurrency and gold investors – Wealth Adviser

Cryptocurrency trading platform Xcoins has used audience data from Global Web Index of more than 60,000 investors to illustrate the vast behavioural and demographic differences between gold and cryptocurrency investors.

Most notably, Crypto investors are 10 per cent more likely to value being successful, and 7 per cent more likely to value learning new skills than gold owners, of whom 73 per cent place spending time with their family as the second-most important value in life.

The data shows that while the majority of both gold and cryptocurrency holders fall into the 16-34 year old bracket, many more young people hold cryptocurrency than gold.

Nearly half (46 per cent) of gold investors are older than 34, compared to just over a third (36 per cent) of those who have invested in cryptocurrency.

Unsurprisingly, the research found that both groups valued being financially secure as the most important thing in life (78 per cent).

This is where the similarities end, though. The research showed that just 28 per cent of cryptocurrency holders are women, compared to 47 per cent of gold holders. Gold investors are more likely to own a cat than cryptocurrency holders (45 per cent to 38 per cent), while conversely cryptocurrency holders tend to be dog people (43 per cent to 38 per cent).

More gold investors are married with children compared to crypto investors who, on average, tend to be single with no children.

More cryptocurrency investors are renters (21 per cent), than gold holders (15 per cent), who in turn are more likely to own their property outright.

If bitcoin is to succeed in the mainstream then it needs support from all demographics. No-one is stopping women from entering or investing the crypto space, but little is being done to encourage them either.

With data suggesting that female investors view cryptocurrency as a riskier investment, its clear that more needs to be done in this area to educate and inform people of what risks cryptocurrency actually carries instead of letting assumptions hinder the growth of the asset.

Bitcoin recently fell 20 per cent from its latest all-time high of USD58,000 but has since bounced back above USD59,000.

Frye adds: Bitcoin still remains up over seven-fold compared to a year ago. Seeing a dip like this after its record growth is completely normal and healthy. Interest in the currency is still strong so while we expect Bitcoin to remain volatile, we continue to expect a long-term upwards trend.

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Cryptocurrency to become mainstream in the Philippines | Digital Payments | Fintech Magazine – FinTech Magazine – The FinTech & InsurTech Platform

The Philippines is one of the worlds fastest adopters of cryptocurrency, new reports show. According to data, the pandemic has fuelled the trend, with Filipinos releasing the value of crypto as an investment and income generating currency.

A rise in crypto-friendly technology in the country has also facilitated its uptake, which means the Philippines is now on a par with Vietnam and Nigeria.

Reports by consensus experts from the Bangko Sentral ng Pilipinas (BSP) earlier this month show that gaming rewards, BTC, ATM networks and rural banking integration are reliable early indicators for the upsurge that makes crypto growth in the Philippines the worlds third-fastest growing sector.

The The Fintech Philippines Association and European Chamber of Commerce of the Philippines have reported similar findings.

Bitcoin first became popular in the Philippines 2017, when its value skyrocketed from $1,000 to over $19,000 in the space of a few months. Since then, BSP has installed a reliable platform that protects crypto customers and also encourages bitcoin uptake, which is still in a nascent stage.

As of December 2020, BSP has also opened up channels with 17 virtual currency exchanges that are industry compliant.

Speaking about the swift adoption of cryptocurrency, Nichel Gaba, CEO and f ounder of Philippine Assets and Digital Exchange, said, Between December 2020 and today, something happened to put bitcoin and crypto into a sace where even traditional portfolio managers need to consider them. We are living in interesting times in crypto, he added.

Gaba pointed out the fintech industry in the Philippines was still at an evolving stage, and said that although crypto-supporting platforms were effective, the industry in general required more support from government and regulatory institutions.

He added that the mainstream position of cryptocurrency was close to fruition in the Philippines due to the swiftly evolving technological landscape which has seen PDAX enjoy a 70-fold increase in transactions and a 15-fold customer increase in less than a year.

BSP also recently launched a new security framework that protects cryptocurrency from being used in money laundering. Speaking about the changes, Melchor Plabasan, Technology Ris k and Innovation Supervision Director of BSP, pointed out that the use of crypto has revolutionised remittances and payments as well as opening up new fundraising opportunities.

He said, Regulations are designed to protect the investing public. We have expanded their scope and strengthened the rules on consumer protection and cybersecurity controls.

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Companies will need to disclose cryptocurrency holdings, benami properties and audit trail from April 1 – Economic Times

India Inc. will have to declare investments in cryptocurrencies, relationships with dissolved companies and loans extended to related parties, among a host of other disclosures mandated by the government to improve transparency.

Starting April 1, companies must state if they have been declared wilful defaulters by banks, financial institutions or other lenders.

The ministry of corporate affairs announced a new set of disclosures rules under the Companies Act on Wednesday, significantly enhancing financial and general reporting requirements for companies.

The ministry also mandated companies to record audit trails of their accounts.

Firms using accounting software to maintain their books need to use features that can record the audit trail of each transaction and create an edit log, including the date of such changes.

Amending the Companies (Accounts) Rules, the ministry said firms must ensure the audit trail feature on the accounting software cannot be disabled. The move is aimed at curbing backdated entries and will affect mainly smaller companies as the bigger ones already use such software.

These disclosures will make it easier for the government to track non-compliance and take action against defaulting companies, experts said.

Earlier, the companies were only required to disclose trade payables and receivables, but there was no requirement to provide ageing details.

This disclosure will mandate the company to disclose the ageing payment cycle for MSMEs and non-MSME vendors, said Nischal Arora, a partner at Nangia Andersen LLP.

Dealings in cryptocurrencies must be disclosed with details of the profit or loss on such transactions, amounts of such currency held and deposits or advances from any person for trading or investing in these currencies.

While the government is already working on a bill on cryptocurrency, the disclosure for such currency has made it clear that the government wants to gather data on cryptocurrency, said Arora.

Another important change was related to the disclosure of any benami property holdings.

This disclosure is another step to improve transparency for the stakeholders as they will have to disclose any proceeding that has been initiated or pending against the company for holding any benami property and also provide a reasoning and view on the same, said Amit Maheshwari, a partner at AKM Global.

The additional disclosures will make it mandatory for companies to provide details of any shortfall in CSR spending for the previous years, including reasons for not meeting targets.

Loans granted to promoters, directors and related parties that are repayable on demand or without specific repayment terms from companies must be declared in terms of amount and percentage to total loans granted.

While this will push firms to regularly service their loans, it will be helpful for the investor and other lenders to be aware about these types of companies before making any investment or lending the money, Maheshwari said.

This reporting change will not only increase the IT testing of the accounting software for the auditors, it will also enhance accountability among company personnel and enable audit of pervasive controls (for example, segregation of duties) using technology. Companies will have to immediately gear up their accounting software to enable audit trails/logs of transactions which cannot be disabled, said Sanjeev Singhal, a partner at SR Batliboi & Co.

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Local students learn to solve crimes of future at Utica College – Utica Observer Dispatch

How scammers pulled off the biggest cryptocurrency hack in the world

How the scammers behind the biggest cryptocurrency hack in the world pulled it off

Time

Utica College senior Daniel Wilcox is prepared to join the cutting edge of law enforcement after he graduates this spring.

No, theres no RoboCop-like cyborg technology involved, not even cool new weapons. Just investigators sitting at computers following the money trail of cryptocurrency through cyberspace.

Wilcox, who is majoring in fraud and financial crimes investigation with minors in accounting and criminal justice, already has earned a C.T.C.E. credential, which stands for CipherTrace certified examiner. CipherTrace is a cryptocurrency intelligence company.

The designation means that Wilcox has taken an eight-hour training course offered at Utica College for the first time last fall and is ready to investigate crimes involving cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Cardano and Ripple.

Wilcox said he likes the puzzle-solving side of trying to solve financial crimes.

I definitely want to have a career at some point in the public sector doing actual criminal investigation, Wilcox said, with the FBI or the IRS criminal investigations division.

The CipherTrace training and his accounting minor set him apart from his peers interested in law enforcement careers, Wilcox said.

He and the 70 or so Utica College students who have taken the training are relatively early entrants into what experts say is the up-and-coming field of investigating crimes involving cybercurrencies.

Its only a matter of time before cryptocurrency becomes an everyday usage thing, Wilcox said.

For most Americans, though, cryptocurrency remains, well, cryptic. More than 10 percent of adults never heard of cryptocurrencies, according to a February survey by The Harris Poll for Bloomberg.

Of those who have heard of them, 61 percent said they had little or no understanding of how they work, according to the poll.

But to understand the significance of cryptocurrency criminal investigation, you have to understand a bit about cryptocurrency.

All money is an abstract concept; pieces of paper and stamped metal have very little inherent value. But cryptocurrency, which is digital only, takes abstract to another level.

Like fiat currency money that is issued by a governmentbut not backed by a commodity cryptocurrency is not backed by a commodity. But unlike fiat currency, it is not issued by a government and is completely decentralized. It is not overseen by a government, by banks or by any other central authority.

That means that crypto transactions are made directly from person to person.

Crypto is really the transfer of value, said Suzanne Lynch, professor of practice in economic crime at Utica College, who spent years for companies including MasterCard Worldwide, Goldman Sachs and Comerica Bank.

There are many different kinds of cryptocurrency, including Bitcoin, Ethereum, Litecoin, Cardano and Monero. A few cryptocurrencies, such as Tether, are tied to the value of a fiat currency, the U.S. dollar in Tethers case.

What gives me value in cryptocurrency is my ability to spend cryptocurrency, saidPamela Clegg, director of financial Investigations and education forCipherTrace.

Or, it has value because the people who use it say it has value. But that means that the price of most cryptocurrencies can be voluble with prices shifting as supply and demand rise and fall. The exception is currencies like Tether that are tied to another currencys value.

The usefulness of crypto is pretty much in the eye of the beholder. It can be used as a long-term investment; it can be traded for profits based on price fluctuations; it can be converted into fiat currency, gold or another kind of asset; and it can be spent. Some users choose crypto because they dont trust banks.

It resembles money, stock, foreign currency exchanges, commodities and property, and gets regulated by the agencies overseeing all of those things, Clegg said.

It really depends whos looking at it, she said.

It might be a while before you can hit the stores in your hometown with only cryptocurrency.

Theres still not a whole lot you can buy, Clegg said.

But there are coffee shops in New York City that accept crypto, and she read that a Burger King in Germany will be taking Bitcoin, Clegg said. And Paypal and Square have adopted Bitcoin, for example, she said.

And more big companies keep joining in. Tesla invested $1.5 billion in Bitcoin in February and said it would soon accept Bitcoin as payment for its cars. And earlier this month, Morgan Stanley became the first big bank to offer Bitcoin investment to its wealth management clients.

In a wallet, of course. The wallet can kept on a computer or other device. Or it can be kept in a wallet, a device that looks like a portable charger, Wilcox said.

A key opens the wallet so the currency can be spent. Lose the key (a password, not a physical key) and youve lost your cryptocurrency. The same goes if you lose your wallet or the device its on.

Cryptocurrency ATMs are becoming more common with 16,000 worldwide and 14,072 in the United States, Clegg said, citing statistics she saw on a website. These machines let users buy cryptocurrency, sending it to the address for the users wallet. And some convert cryptocurrency into cash after users sent their crypto to an address the ATM provides.

The secret to cryptocurrency and its security, anonymity and speed of transfer is a technology called blockchain, a digital ledger that links blocks of data, or transactions, together.

In theory, blockchain is a secure way to transfer information,"Lynch said.

Blockchain contains a record of every transaction made with a cryptocurrency. Instead of relying on a central server, the blockchain is verified by a network of computers around the world. It is difficult, possibly impossible, to hack or cheat the blockchain.

It has many potential applications, not just recording cryptocurrency transactions.

The vast majority of crypto transactions are legal, Clegg said. Some estimate that illicit activity accounts for less than 1percent of crypto transactions and some put the number higher, but still in the single digits, she said.

But yes, criminals have discovered that cryptocurrency allows for quick transactions, works anywhere in the world and offers complete anonymity, making crypto harder to trace than fiat currency.

On one side, its trying to become more mainstream, Lynch said. And then on the other side, its being used in nefarious ways.

Crypto is becoming the currency of choice for dark market activities, whether drugs, human trafficking or the sale of stolen data. Its used to funnel money to terrorists, pay kidnapping ransoms and to launder money. And its used in all the same scams Ponzi schemes, romance scams, send-money-overseas emergency scams as other kinds of payments.

It really is every kind of crime you can imagine with traditional money being done with cryptocurrency as well, Clegg said. Its not new to the criminal. Its just another payment mechanism for them to utilize.

The blockchain contains a record of every transaction, including an address for the payor and the payee.

We just dont always know who is behind those addresses, Clegg said.

So she considers crypto to be pseudonymous rather than anonymous, she said.

Picture it as a bank vault full of safe deposit boxes, Clegg suggested. The blockchain makes the boxes transparent, so you can see everything thats in each box and you can see where it came from, she said.

You just dont know who owns Box 25, she said.

What we do is, we begin to chip away at the pseudonymous aspect of it, Pam said.

Investigators work on figuring out who owns each box, or, outside the analogy, the addresses in the blockchain, she said.

Any federal agency that investigates money laundering and financial crimes needs people who know how to look into cryptocurrency, Clegg said. So do companies like CipherTrace, which will investigate matters involving too little money for federal investigators to take on, she said.

Banks, cryptocurrency exchanges, companies who have adopted crypto and law firms handling cryptocurrency-related cases also arehiring, Clegg said.

All of these need to be able to have the ability to carry on investigations and to apply (anti-money laundering) to the cryptocurrency that they are touching and transactions so that they can be in compliance per the regulations that they have to adhere to.

CipherTrace is trying to build capacity in a new, niche industry, Clegg said.

Theres nobody out there that can possibly have more than five or six years of experience, she said.

CipherTrace chose Utica College as its second college partner because of its strong programs in financial crime, money laundering and cybercrime, a good sign that theyll be a large pool of students interested in the training and well versed in the subject, Clegg said.

Upperclassmen and graduate students who take the training, which CipherTrace started offering at Utica College in the fall, can then join the CipherTrace Defenders League to start working on cases while still in school.

This is an absolutely perfect opportunity for our students to work real-life cases, Lynch said, and help people out.

Amy Roth is the health and education reporter for the Observer-Dispatch.For unlimited access to her stories, please subscribe at the top of the uticaod.com homepage or activate your digital account today. Email Amy Roth at aroth@gannett.com.

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Cloud Storage Simplified: What Is It and How to Choose One – G2

Weighing over a ton and occupying almost a whole room, the first hard drives were introduced in 1956 by IBM. They had a capacity of just over 3700 kilobytes of data and were considered a technological revolution back then.

With the evolution of faster computers, our dependency on data has increased manifold. We have now moved ahead from bulky storage devices to chips that can hold petabytes of data and fit on a pencils nib. But then again, physical storage was deemed impractical for companies expanding through the world. This is wherecloudmigration came into play.

Cloud storage is storing digital business data in the cloud, across multiple servers, instead of a physical device.

Cloud storage is another example of storage as a service, where the storage capacity and maintenance are provided by vendors and delivered on-demand. Its in high demand after the massive migration of big organizations to the cloud platform. Cloud storage offers businesses a virtual infrastructure accessible, scalable, and customizable for their data needs.

While physical storage services need several devices and servers at multiple locations, cloud storage stores data in virtual servers hosted by internal and external vendors.

Cloud storage is essentially moving your organizational data from physical devices to online servers. It works through data servers connected via the internet.

The data blocks or files are sent to the cloud using the internet and are stored in more than one server to ensure accessibility. These files can be accessed through a user interface that can be customized for each stakeholder.

Multiple data servers ensure that the data has been replicated and backed up for any unforeseen circumstances where a server fails.

Cloud storage works differently with different kinds of computing platforms. Lets take a look at the different cloud computing models and how storage works in them.

Private cloudstorage provides a personal cloud storage platform with in-house resources. It uses a single physical server to instantiate multiple virtual servers and gives the organization full control over the storage capacity and architecture.

Public cloudstorage platforms provide you with a cloud space that several other companies share. The main advantage of using such platforms is the increased accessibility and scalability of the storage platform. Amazon AWS, Microsoft Azure, and Google cloud storage are the most common examples of public cloud storage platforms.

Hybrid cloud storage solutionsgive organizations a choice to segregate their data between private and public cloud platforms. This ensures that sensitive applications security is upheld and the scalability of public cloud storage is also leveraged simultaneously.

Cloud storage can be classified based on the architecture used to store data. It can be broadly classified into three categories.

Object storage is used for storing unstructured data such as media files in repositories known as containers or buckets. This storage option allows for greater flexibility and scalability in terms of the type of data being stored. It also accounts for easier data access and permissions.

Applications that need to share and store files employ a file storage system to access the data hierarchically. Its a simple storage system to store and retrieve well-organized data files.Cloud collaboration softwareprovides dedicated file-based storage and sharing solutions.

Block storage allows dedicated storage blocks for files of equal size. It makes up for a high-performing storage and retrieval system because of the storage blocks modular nature. Its generally used to store databases, virtual machines, and email servers.

Every viable cloud storage solution needs to fulfill certain requirements to be used in a business scenario. Let's have a look at the most basic requirements of a cloud storage solution.

Cloud storage services need to be durable and resilient towards natural disasters, data losses, and server failures. They need to be more robust than physical storage to be a viable investment option.

Cloud storage has the advantage of being accessed remotely, even if the user is not present near the physical infrastructure. They should be accessible over multiple mobile devices and regions and contribute to the ease of data retrieval.

Data security is a big responsibility for cloud storage providers since theyre considered to store sensitive data. Data centers need to be encrypted over multiple layers and should be only accessible with proper authentication.

In a world dominated by digital data, cloud storage has opened up avenues for efficient deposit and retrieval of business data. Cloud storage is responsible for making data easily accessible for businesses around the world. Lets have a look at the benefits of using cloud storage.

Cloud storage provides users with a platform to conveniently upload files all across the globe. It enables businesses to send organized data in the form of files and get multiple users to work on the same set of data from various locations.

When multiple users are working on the same set of data or files from different locations, cloud storage helps synchronize the changes made. It also ensures that the data in every device accessing the storage is up to date and accessible. Data syncing helps reduce the redundancy of data over a single platform and speeds up the software development process.

Cloud storage eliminates the need for physical storage devices and the hassle of keeping them safe. It also helps your physical memory storage by not taking up any space for any downloaded or streamed content.

Cloud storage software provides you an option to upgrade your storage plan if your data demand increases or if you need to support the amount of storage for new applications. Its a highly scalable solution that helps grow businesses.

Outsourcing data storage to cloud storage vendors helps organizations to cut down their expenditure on in-house infrastructure. This provides a cost-effective solution for the companys data needs and reduces the dependency on resources required to collect and maintain data.

Cloud storage services are equipped with multiple layers of security measures andvirtual private networks (VPNs) to protect your data from unauthorized access. They also ensure your data is not misused or stolen by hackers.

Data recovery is an important aspect for any business and cloud storage. It provides organizations with a safe online backup of their data if anything goes wrong. In case of any hardware failure, your files can still be retrieved from the cloud.

Data compliance can be a tricky thing to maintain while migrating your data from one platform to another. Cloud storage solutions take care of this by enforcing existing compliance controls on your business data.

Onboarding cloud storage for your business comes with its own set of challenges that need to be identified and overcome in time to use the cloud storage system efficiently. Lets have a look at the most common challenges of using cloud storage.

Cloud web services are prone to downtimes owing to slow internet or infrastructure failure. This leads to unexpected business-impacting downtimes. An organization must have a fair idea of the service providers downtime history to make an informed decision about how reliable they might be in terms of business uptime.

While choosing a cloud storage provider, you need to consider their pricing structure, the bandwidth they are providing, and if theyve provided services in your industry domain before. Since onboarding a cloud storage service is a long-term decision, you must keep in mind that the niche expertise of the vendor youre choosing should be in sync with your companys budgets and goals.

Service level agreements (SLAs) are a formal documentation of commitment between a client and a service provider. For cloud storage service providers, SLAs are defined for business uptimes, internet bandwidth, real-time maintenance support, and so on.

Poorly defined SLAs may mean ambiguity in an issue with the resolution time, data breaches, and ineffective monitoring. Its important to lay down business SLAs which are in order with your growth and working plans.

If your organization needs to move away from one storage provider to another, data mobility might be a big issue if your service provider doesnt provide adequate support. Therefore, its important to set ground rules with your vendor about the timeline to move data if needed, data archiving guidelines, the bandwidth cost involved, and if the data will be transferred over the cloud or physically.

The bandwidth of a cloud storage service provider encompasses internet speed, mobile apps, desktop apps support systems, storage limits, and supported data types. Its necessary to have a clear idea of the bandwidth beforehand to set realistic storage performance expectations. Its also important to determine the softwares data backup capacity so that the backup frequency can be adjusted.

With more and more companiesmigrating to the cloud, the increase in the number of cloud service providers has been quite apparent. How do you choose the right cloud storage provider from the umpteen options available?

Lets check out the factors you need to consider to choose the best option for your business plans.

For onboarding a cloud storage service, you need to decide on the type of cloud sharing youre willing to accommodate. Every employee might need to have access to shared storage, or each employee can be given a slice of the storage space, depending on the nature of the business and their roles.

Vendor uptime is an indication of the time when the vendor services were operational over a period of time. Its important to consider the past uptime record of any cloud storage vendor since you cant afford to have business downtimes due to performance issues on the vendor side.

Cloud storage services need to be compatible with your software stack. Organizations need to ensure that their application programming interfaces are supported by the cloud storage service theyre considering. If your organization deals with big data, your cloud storage provider should be able to support data warehouses and data lakes in order to optimally manage your data. Moreover, multiple operating systems such as Windows, iOS, and Android need to be supported by the storage solution to be eligible for multi-device operability.

Each cloud storage service provider comes with a data backup plan which is important since it enables data recovery. When choosing a storage service provider, you need to check if their backup plans are compatible with the amount of data you need to store daily.

Cloud securityis a major concern for every business, and cloud storage providers need to ensure that data vulnerabilities are kept to a minimum. While onboarding a cloud storage service, its important to check the security features that it provides for your applications.

Cloud storage gives you a chance to save on physical storage costs and opt for a secure, accessible, and convenient online storage option. It also eliminates the need for data transportation over various locations and helps in creating regular data backups.

With a rise inmulticloud computingin the business arena, its not surprising that cloud storage being utilized as a service has caught the attention of growing organizations.

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Cloud Storage Simplified: What Is It and How to Choose One - G2

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Metrics that matter in cloud application monitoring – TechTarget

For more than two decades, IT teams have been deploying application performance management tools to monitor and manage on-premises applications and infrastructure. But when organizations move to the cloud, these APM strategies need to evolve.

Cloud APM requires an organization to track more metrics than on-premises APM. There are also additional considerations to weigh for collecting and analyzing metrics data when dealing with cloud-based environments.

At first glance, cloud environments and on-premises environments may not seem radically different as far as application monitoring is concerned. Cloud applications still run on servers -- usually, anyway -- and handle transactions in ways that are typically similar to on-premises apps.

You can use certain monitoring approaches both on premises and in the cloud. For example, the RED method emphasizes the collection of metrics related to transaction rate, error and duration.

Cloud environments, however, pose additional challenges. When planning which metrics to monitor, IT teams will need to account for the following:

All of these differences impact the approach that teams need to take to monitor and manage applications in the cloud.

For virtually any type of cloud environment, you'll want to track the following types of metrics:

When you have a detailed look at what's happening, you'll be in a better position to prevent complications.

Depending on how you deploy and manage your applications, you may also want to consider the following types of metrics to help monitor your cloud applications and optimize the end-user experience:

The specific metrics you'd collect in each category will depend on which types of cloud services you use and which metrics they expose. These metrics vary from one cloud platform to the next, but they are usually well documented by cloud providers. You can read all about the metrics exposed by Amazon EC2 or Azure Virtual Machines, to name just two basic examples of cloud services.

Whatever the specific cloud metrics you ingest into your APM tools, your key focus should be to collect information that helps you understand the state of complex, distributed cloud environments.

You should also strive to correlate data of different types and compare data across different clouds and services. This way, you can achieve full visibility into the performance -- and cost -- problems that may arise in the cloud.

When you have a detailed look at what's happening, you'll be in a better position to prevent complications and improve the performance of a cloud deployment.

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Metrics that matter in cloud application monitoring - TechTarget

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How Intel, IBM, and Microsoft Could Change the Cloud Forever – Datamation

Three companies were critical to creating the PC of today, well, four if you include Apple. But Apple only set a direction. The work of IBM coupled with Intel and Microsoft created the IBM PC, which founded what over 90% of us currently use as our desktop solution today.

Apple isnt leading in anything but margins and revenue anymore, as that capability was lost mainly when Steve Jobs passed. Still, Pat Gelsinger is the closest thing Intel has had to Andy Grove since Andy Grove left the company, and I think Pat has proven to be one of the most well-rounded CEOs the tech market has ever had.

Now it is interesting that both Microsoft and IBM also have what may be perfect storm CEOs. Both are cloud experts, which is where most of the near-term revenue opportunity resides. As part of Pat Gelsingers Vision talk this week, both IBMs CEO Arvind Krishna and Microsofts Satya Nadella were on stage to support Intels vision. I think this opens the door for what could become a significant cloud pivot driven by the same three companies that created the PC revolution.

Let me explain.

While these companies have had trouble working together in the past, their current leadership had embraced open architectures, collaboration, and interoperability in sharp contrast to positions they took when they fought with each other. This CEO alignment not only made this announced partnership likely, but it also made it sustainable because the firms are less likely to disagree to the degree that would cause them to break up again.

In short, they are even more able to come up with and execute a collaborative vision than when they loosely partnered to create the IBM PC. Interestingly, Microsofts and IBMs cloud strategies are in direct conflict. Microsoft is trying to be the best volume cloud provider with Azure. At the same time, IBM is more focused on multi-cloud tools. Their cloud is positioned as a premium offering for buyers who need substantially more security (government, healthcare, and finance).

Intel is, of course, focused on the hardware side of this, and Gelsinger articulated a Microprocessor roadmap that implied a huge future focus on the kinds of loads that both Microsoft and IBMs cloud solutions could embrace.

We do a lot of work in the cloud today, but the projected future is to shift almost every load, including desktop loads, to the Cloud over time. Also, due to latency and internet traffic concerns, those Cloud instances will increasingly be distributed to bring them closer to the systems and users that make use of them.

These new smaller distributed data centers should aggressively address latency issues making cloud computing more viable. The pandemic and Microsoft Teams created reduction in travel and should reduce desktop hardwares need to perform disconnected.

I expect cloud server hardware to continue to evolve along specialty lines, with different loads being routed to the specific resources optimized to carry them. This increased flexibility should open the door for far more varied cloud hardware, resulting in the replacement of existing servers and the creation of never seen before server classes.

Clean power needs will likely help fuel Geothermal and Nuclear energy generations interest at an ever-smaller scale. By the end of the decade, I expect many of these remote cloud data centers will primarily be self-powered, using more sustainable energy sources.

Automobiles, appliances, security systems, a new generation of fixed and mobile terminals (in PC and Smartphone form factors) will emerge mainly using the maturing 5G standard with ever-growing capabilities and greater flexibility to have redundant suppliers.

The most dramatic change will likely be with AIs, which will significantly benefit Intel, IBM, and Microsofts collaborative research. Ease of use should advance significantly, and the as-a-service trend should also significantly accelerate through this decade.

In the end, computing power is likely to become more like a utility that you pay monthly with partially subsidized hardware. As a service, the need to churn on-premise hardware should drop sharply, with much of the advancement shifting to the Cloud.

In short, computing costs will be increasingly charged according to use with competition, assuring technical advancement and low prices (if the market doesnt consolidate, which remains a risk).

Intel, IBM, and Microsoft created the PC revolution showcasing they are collectively capable of great things. All three companies are now led by CEOs who are less combative and far more collaborative than their predecessors. All three companies clearly understand what can happen if they miss a market pivot.

And the best way to not miss a market pivot is to execute it yourself. Alone none of these companies (though Microsoft comes close) can do this, but little they can not do together.

There is incredible potential in this partnership. The cloud market is poised for a massive change; I think it likely that these three companies are setting up to drive that change and another disruptive revolution.

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