Daniel Larimer Calls For All Account-Based Websites To Adopt Blockchain Technology For Security

Parth Vig
Parth Vig is a Management student, and a keen observer of Cryptocurrency and blockchain technology, his interest in writing brings him to thecoinrepublic.com, He believes that he has many ideas that he pens down and he feels it would be a great asset for any kind of creative writing.
  • Daniel Larimer tweeted, quoting an NBC article on Facebook’s Twitter account being compromised by hackers.
  • The NBC article outlined the recent hack of Facebook’s Twitter account where the Saudi group of hackers called OurMine, posted a link of their website using the hijacked account.

Block.one CTO, Daniel Larimer tweeted, quoting an NBC article on Facebook’s Twitter account being compromised by hackers; saying that websites that support multi-user accounts should adopt blockchain technology and secure hardware keys.

The NBC article outlined the recent hack of Facebook’s Twitter account where the Saudi group of hackers called OurMine, posted a link of their website using the hijacked account. The company has received lots of attention for its public self-recognization for their social media account hacks.

The tweet was up for 15 minutes before Facebook regained control of its Twitter account. OurMine says that their white hat organization is “for-profit” and they seek to bring attention to the poor security protocols employed in such large corporations. They were also responsible for compromising the social media accounts of the National Football League and several teams that participated, right before the Super Bowl.

Larimer has stated that websites that have account-based services and serve multiple users should employ blockchain technology and secure hardware keys to improve their security.

The advantage of adopting blockchain technology within websites is that altering or manipulating data stored on a block would require the hacker to change data on all the nodes on the network that hold the website’s data.

As long as it remains infeasible for a hacker to compromise more than 51% of all nodes on the network, it is very unlikely that the data on the chain will be affected. This decentralized way of storing data makes it such that blockchains are some of the best ways to secure data that has been discovered to date.

Guardtime is one company that uses blockchain to keep data secure. Using the decentralization, they distribute all the data to the nodes in the network. If any node tries to alter the data, the system compares the entire chain against a metadata set and then removes any data that doesn’t equate. Te only way to compromise such a network is to take control of every single node and alter the data or destroy it. As long as there is one single node running a healthy version of the data, then the entire chain can be restored in the unlikely case of an attack. Using blockchain technologies can also help with preventing DDoS attacks by fully decentralising the domain name system (DNS) that is only partially decentralised 1:1 mapping of IP addresses. Such a decentralised system would make it nearly impossible for DDoS attacks.

Therefore, as Larimer suggests, blockchain technology holds great potential for websites to remain secure and prevent hacks like the one pulled off by OurMine.

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