DGB looking like a long term solid investment! Right now we re in the middle of what looks to be a good rally! Some would tempted to sell high BUT, this should lead to higher highs and higher lows. Good news to me, since I bought at about 1 cent!
this week dev will show off demo DigiID, An innovative platform to use the DigiByte Blockchain for authentication. A replacement for passwords and 2FA.
Can you give more info about this? Where can we see the demo?
It sounds awesome
this like creating an identity on the blockchain, making it easier to manage for individuals, giving them greater control over who has their personal information and how they access it.
By combining the decentralized blockchain principle with identity verification, a digital ID can be created that would act as a digital watermark which can be assigned to every online transaction. The solution can help the government/organizations/store to check the identity on every transaction in real time, hence, eliminating rate of fraud. Consumers will be able to login and verify payments without having to enter any of the traditional username and password information. Through blockchain solutions, consumers can simply use an app for authentication instead of using traditional methods, such as a username and password. The solution will store their encrypted identity, allowing them to share their data with companies and manage it on their own terms.
so what is different with Google Authenticator or SMS two-factor authentication?
Google Authenticator or SMS two-factor authentication are commonly-used tools doesn’t make them the most secure solutions either. Granted, for the everyday consumer, these are two of the most user-friendly forms of authentication they have access to. However, both of these authentication tools rely on a third-party provider, which may not be the best course of action.
With mobile software threats on the rise and malware being able to log all types of conversations and data from infected devices, SMS verification may very well be one of the worst solutions available to date. Malware on mobile devices can “hide” itself in the background, collecting data while the use thinks the SMS simply didn’t come through.
Or, in the worst case scenario, someone remotely accessed the mobile device to read an SMS code as they requested access to this platform by using the consumer’s credentials. Erasing all tracks of this SMS being sent isn’t impossible either, once somebody is remotely connected to a malware-infected device.
Google Authenticator does not directly suffer from malware on mobile devices, yet it is not free of potential security risks. Commonly-used security solutions become major targets for hackers who would like nothing more than to find a bug or backdoor in Google Authenticator. Even though this has not happened just yet, it is not unthinkable for it to happen in the future.
