Global POW System Could Make Hacking 'Too Expensive To Execute': Bitcoin's Model As A Blueprint
Portfolio Pulse from Justin Roberti
Maj. Jason Lowery, a U.S. Space Force engineer and MIT fellow, proposed to the Department of Defense an innovative cybersecurity strategy using a global, private Proof-of-Work (POW) network to make hacking too costly. This approach, inspired by Bitcoin's model, would leverage the global power grid to create a resource-intensive system that is expensive and difficult to exploit. Christopher Alexander, CMO of Pioneer Development Group, believes the concept is feasible and could deter security threats while providing infrastructure advantages. The idea has not been tested outside of Bitcoin, and the high energy demands of POW networks are a concern for U.S. politicians.
December 11, 2023 | 6:11 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Bitcoin's Proof-of-Work model is highlighted as a potential blueprint for a new cybersecurity strategy proposed to the U.S. Department of Defense, which could increase the perceived value and utility of Bitcoin.
The article discusses a proposal to use a Proof-of-Work network, similar to Bitcoin's, as a cybersecurity strategy for the Department of Defense. This could lead to increased recognition of Bitcoin's underlying technology and its potential applications beyond cryptocurrency, which may positively influence Bitcoin's reputation and its price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80