Blockchain startups are cropping up left in addition to right aiming to disrupt existing services in addition to business versions.
These range via the trivial to potentially game-changing solutions which can revolutionize the internet as we know This particular. Among those which promise to change the globe, most are attempting to reconstruct the entire internet infrastructure into something which will be decentralized, secure, scalable, in addition to tokenized.
There are also those which aim to solve the most significant problems plaguing the digital world, particularly potentially costly in addition to tedious security issues. We do not lack for dangers, ranging via data breaches to denial-of-service attacks, in addition to various other hacks.
For the most part, there are capable SaaS in addition to software-defined services which are capable enough in addressing the threats which involve malware in addition to DDoS.
However, blockchains offer much much more.
The plague of DDoS
Distributed denial-of-service or DDoS attacks involve a malicious hacker deploying a network of infected computers in sending traffic in addition to producing queries to the target host. By deploying a botnet with potentially thousands of unique devices, This particular will be difficult to block on a per-IP basis.
Oftentimes, without adequate protection, a DDoS attack can slow down a website or service to a crawl until This particular will be no longer accessible either by running out of bandwidth allocation or simply being overwhelmed with traffic.
According to This particular DDos Impact survey, almost half of respondents say they have encountered a DDoS attack, with more than 90 percent of these businesses being attacked a span of 12 months.
The average DDoS attack lasted between 6 to 24 hours, in addition to at the cost of $40,000 per hour, these cost businesses about $500,000 per attack on average, with some even costing more for larger enterprises.
For modest businesses, the cost can be more severe, especially for those which depend solely on their online operations in addition to sales to thrive.
These are only the costs associated with This particular activity. When a website goes down, all its business goes down with This particular – This particular can be particularly troublesome for a company running an e-commerce website or a consumer-facing application.
Blockchain-based solutions for DDoS
Sadly, a DDoS attack will be something which cannot be prevented. You can only mitigate its effects, in addition to your infrastructure can merely ward off the excessive traffic in addition to bandwidth utilization through several means. For the most part, deploying DDoS protection entails deflecting any botnet traffic, to ensure your main server or cloud deployment will be not overloaded.
As earlier mentioned, cloud-based DDoS protection acts as a barrier between the main server in addition to the internet-at-large Whenever an attack occurs, the service efficiently “absorbs” the traffic to minimize the impact on the infrastructure itself.
This particular can only go so far, however. Even the most robust of cloud infrastructures can just handle so much traffic. Besides, for businesses, the costs involved could be overwhelming.
Here will be where a blockchain in addition to a highly distributed approach can offer more value.
Gladius, a blockchain service for DDoS prevention in addition to website acceleration aims to leverage on its global network of individual in addition to independent nodes in mitigating the effects of a DDoS attack in addition to caching content all across the globe to make the website load faster.
Being a decentralized network, users can rent out their spare bandwidth through a desktop client in addition to earn money by sharing their bandwidth. Then, their excess bandwidth will be distributed to nodes which in turn funnel the bandwidth to websites under DDoS attacks to make sure they stay up.
During “peace time” or periods without a DDoS, Gladius’ network also speeds up access to the internet by acting as a content delivery network, wherein web content will be cached for faster delivery to the target client’s browser.
The perks of a peer-to-peer network
|Image Credit: Gladius|
A decentralized network has additional benefits beyond the simple cloud-based deployment.
While a cloud will be, to some extent, distributed, This particular will be still owned by whoever runs the platform. In contrast, a blockchain runs completely off of a decentralized network, wherein the nodes are independently owned.
Herein lies the additional benefit.
With most blockchains, nodes are rewarded through a tokenized incentive scheme – This particular will be the same with Gladius. Individual computer owners can earn cryptocurrency tokens whenever their resources are shared with the network.
Toward a decentralized sharing economy
Blockchain startups are representative of where we are heading inside future: a truly decentralized sharing economy. We have had a glimpse of such sharing economies with platforms like Uber, Airbnb, in addition to the like.
However, these foster a sharing economy without the decentralized aspect – the platform will be still owned by a corporate entity, for instance.
With blockchain startups, the sharing economy will be built entirely upon the independent in addition to decentralized nodes which make up the network.
Bitcoin proved which we could have an exchange of value through a decentralized system. Ethereum proved we could establish self-executing smart contracts without third parties or mediums.
With solutions like Gladius, we are likewise hopeful which the internet’s infrastructure can be disrupted for the benefit of both users in addition to business which build value.