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| October 16, 2018

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Sears, Lenders Nearing Deal to Keep Some Stores Open

October 12, 2018 |

Sears Holdings is inching closer to a deal with lenders about a bankruptcy plan that would close at least 150 stores and provide a lifeline loan to keep a small footprint of around 300 locations open.
WSJ.com: US Business

Stocks open sharply higher, rebounding after two-day rout

October 12, 2018 |

Stocks were up Friday after two days of sharp losses. Major U.S. stock indexes were up more than 1% in early trading, but they’re still on track for their biggest one-week loss since late March.

Technology and internet companies were some of the hardest hit over the last two days and they led the…


L.A. Times – Business

Meet Cash-ID: The Open Protocol That Uses Bitcoin Cash Keys for Identity

October 2, 2018 |

Meet Cash-ID: The Open Protocol That Uses Bitcoin Cash Keys for Identity

This past Sunday BCH proponent and developer, Jonathan Silverblood, revealed a project he’s been working on called Cash-ID. The Cash-ID concept is an open protocol for online identification purposes that provides users with the ability to sign in to web pages using their bitcoin cash keys for login credentials.

Also read: Portal Network Developers Announce Bitcoin Cash Name Service

Cash-ID: An Open Protocol That Utilizes Bitcoin Cash Key Pairs for Identity

Meet Cash-ID: The Open Protocol That Uses Bitcoin Cash Keys for Identity
Jonathan Silverblood

People often gripe about web services that want people to register using their private information, and then they get even more upset when these platforms are hacked and both login credentials and their private data is compromised. Just last week the online social media giant Facebook was breached and around 50 million user’s login credentials were vulnerable. This week Jonathan Silverblood has announced the launch of Cash-ID a BCH-based identity system. Silverblood believes Cash-ID could be a solution to the ongoing password and data breach problem by reducing the complexity of login credentials.

“Cash-ID is an open protocol that allows secure authentication based on the public key cryptography infrastructure that is currently present in the Bitcoin Cash ecosystem,” explains Silverblood. “Each user can prove to a service provider that they control a specific Bitcoin Cash address by signing a challenge request, as well as provide optional metadata.”

Meet Cash-ID: The Open Protocol That Uses Bitcoin Cash Keys for Identity

Login Credentials and Profile Data All in One Place

Essentially when a user attempts to log into a restricted area they are given a challenge request by the service provider. Silverblood details that the protocol’s identity manager provides the request to the user which enables them to choose a public/private BCH key pair to represent their identity. According to Silverblood’s Gitlab repository required or optional metadata can be added to the system by using a letter and a string of numbers that reveal more descriptive information about the user.    

Silverblood says passwords have “inherent security and UX issues” and Cash-ID is a protocol meant to replace passwords rather than trying different techniques with them. This means essentially an individual could register with Cash-ID in a one-step process, authenticate login credentials without a password, create an authentication service to act as 2FA, and also have optional metadata that can support transient user profiles. Silverblood says the project is still under construction, but he’s published a specification and has also released a beta version of the identity manager for Android operating systems.

Meet Cash-ID: The Open Protocol That Uses Bitcoin Cash Keys for Identity

Silverblood Hopes People Inform the World About the Benefits of Passwordless Logins

The creator of the project still has a lot to do as he explains on Gitlab he needs to finish a workflow example, create an introduction video, draft interface guidelines, and more. But he’s released the specifications and demo so people can test the platform today and give the developer proper feedback. Silverblood says people can also support him by using the Cash-ID authentication protocol in their services, and “inform their friends, family, and followers about the benefits of passwordless logins.”

What do you think about the Cash-ID concept using Bitcoin Cash key pairs for login credentials? Let us know what you think about this project in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


Images via Shutterstock, Twitter, Gitlab, and Cash-ID.  


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Meet Cash-ID: The Open Protocol That Uses Bitcoin Cash Keys for Identity appeared first on Bitcoin News.

Bitcoin News

Trump trade deal pries open Canada’s dairy market

October 1, 2018 |

Dairy farms in Trump country won back a multimillion-dollar trade niche with Canada under a revised agreement with the United States’ northern neighbor.

Wisconsin and upstate New York will be able to resume exporting milk products used mostly in cheese and yogurt production under terms of the revised…


L.A. Times – Business

Braiins OS Publishes Open Source Firmware for Mining Rigs

September 30, 2018 |

Braiins OS Publishes Open Source Firmware for Mining Rigs

This week the software developers behind the mining operation Slush Pool have announced a new organization alongside releasing an open source operating system (OS) for cryptocurrency devices. The new offshoot company called Braiins has produced a Linux based system for bitcoin mining rigs and they plan to extend the OS to other digital currency software embedded devices.

Also Read: Developers Unveil Two New Bitcoin Cash Full Node Clients Written in Go

Slush Pool Developers Launch Braiins Operating System

The cryptocurrency mining ecosystem relentlessly transforms every single day as the race to capture these digital assets becomes ever more competitive. This week the programmers who have been developing and operating Slush Pool since its inception have introduced a new company called Braiins. The Braiins team has released its first project called the Braiins OS which is an open source Linux (Openwrt) operating system for cryptocurrency software embedded devices such as an application-specific integrated circuit (ASIC).

Braiins OS Publishes Open Source Firmware for Mining Rigs

“Braiins OS is the very first fully open-source, Linux based system for cryptocurrency embedded devices — This initial release is targeted on mining devices, however since we used OpenWrt as a base, its features can be extended in many directions,” explains the team.

The first iteration of the Braiins OS is currently focused on two mining devices: images for Bitmain’s Antminer S9 and Halong Mining’s Dragonmint T1. Some miners have been asking the company on Twitter if the OS is compatible with other machines and series variations. Braiins says they created the OS for two reasons: the group believes in open source software and throughout the years of working with Slush Pool they have gained experience in the competitive mining sector. The team says the Braiins OS monitors the Antminers and Dragonmint machines while also efficiently handling errors and providing data.

Modified Firmware Downside: A Mining Rig’s Warranty From the Manufacturer will Likely Void

The developers say the OS will be seeing some performance improvements and more features in the near future. The firmware is also customizable as the developers explain they have created a build which can modify the image. However, Braiins details the operating system is in its alpha stage and they don’t recommend large farms swapping over to the OS until more testing is done. The developers say they are looking for feedback on the tool as well.

It’s not the first time an organization or individual has released a modified firmware for older Antminers and other ASIC devices but most of them are not open source. People and mining pools have been customizing operating systems for years in order to do things like unlock the voltage and fan controls. Even though the Braiins OS is open source, it should be noted that if there was an error and the machine couldn’t be fixed for some reason the firmware will likely void the manufacturer’s warranty on the modified miner.

What do you think about the Braiins operating system idea? Let us know what you think about this subject in the comment section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


Images via Shutterstock, and the Braiins website. 


Need to calculate your holdings? Check our tools section.

The post Braiins OS Publishes Open Source Firmware for Mining Rigs appeared first on Bitcoin News.

Bitcoin News

Fancy South Korean grocer PK Market to open first U.S. store in downtown L.A.

September 27, 2018 |

At popular new supermarkets in Seoul, customers can do more than order a prime cut of meat, trimmed to their wishes. They can sit down at a small eatery in the meat department and order a grilled meal, or dine on tempura and sushi where fresh seafood is sold.

Mixtures of groceries and casual dining…


L.A. Times – Business

Country’s first robot sex brothel set to open in Texas prompts backlash: report

September 25, 2018 |

The first robot sex brothel in the United States reportedly slated to open in the Houston, Texas area this month, which allows customers to purchase and rent life-sized dolls “warm and ready to play,” is prompting backlash from residents and activists.
FOX News

Serena Williams fined $17,000 for violations during US Open final

September 9, 2018 |

Serena Williams was fined $ 17,000 for three code violations during Saturday’s U.S. Open final.
FOX News

EU Says It Is Open to More U.S. Beef Imports

September 9, 2018 |

The European Union said it was willing to start talks with Washington on increasing U.S. beef imports, a move aimed at cementing a trade truce agreed upon in July.
WSJ.com: What’s News Europe

TMZ

Serena Williams Goes Off on Chair Umpire in U.S. Open Final Loss

September 8, 2018 |

Serena Williams erupted on the court during the U.S. Open final … but it didn’t help her win. Serena confronted the chair judge after receiving a coaching violation early in the second set Saturday … telling him she doesn’t cheat to win. But,…

TMZ.com