Bryan Daugherty, the Public Policy Director at Bitcoin Association has published his new book The Bitcoin Letters. The book aims to help readers unlock the mysteries surrounding Bitcoin and essential concepts such as sustainability, regulation, and the transformation to Web2 and Web3.
Bitcoin has taken the world by storm, but there are still many things that need to be clarified about the technology. Through thoughtful analysis and engaging writing, readers will gain a deeper understanding of the intricacies of Bitcoin and how it is shaping the future of finance.
Additionally, the book includes three letters written to industry leaders – Elon Musk, NYS Governor Hochul, and SEC Chair Gary Gensler – that provide unique insight into the world of Bitcoin.
Confidentiality, Integrity & Availability of data
This chapter of the book ‘The Bitcoin Letters’ explains how Bitcoin meets the CIA triad of information security, which consists of confidentiality, integrity, and availability. It is a universal standard for implementing security measures and is also crucial for the successful operation of a business. When all three benchmarks are met, an organisation’s security posture is more assertive and better equipped to handle potential threats. Daugherty explains the individual scales in detail, while we will only briefly touch on them here.
Confidentiality of data
Confidentiality in information security refers to preventing unauthorised access to sensitive information while allowing authorised access. The traditional approach uses trusted third parties to establish a web of trust environment through public and private cryptographic key pairs. However, these parties are high-value targets for cyber-criminals, creating privacy concerns when they are breached. Bitcoin provides a new architecture for individuals to exchange data in a much more secure way.
Integrity of data
This text discusses different access control models used in information security and mentions some drawbacks of these models. It also explains how Bitcoin utilises the SHA-256 algorithm to secure the integrity of the blockchain by creating a digital fingerprint for transactions and blocks. This feature makes it computationally impractical to overwrite or change stored data, making it resistant to tampering. Any node or user can authenticate the integrity of the data by using the Merkle proof of a transaction.
Availability of data
The Bitcoin network is a distributed global network with 100% availability. Nodes are incentivised to form a small-world network for fast communication, and transactions can use any form of data communication, providing greater network resiliency. Simplified Payment Verification (SPV) reduces reliance on physical infrastructure and offers more stable services.
Recent innovations in scaling Bitcoin’s original protocol on the BSV network have made it possible to create a secure data infrastructure for enterprise applications, providing transparency, auditability, and security to networks. Using a secure, scaled, public blockchain like BSV for cyberdefense and awareness can be transformative for businesses.
Buy your copy of The Bitcoin Letters now
The Bitcoin Letters is now available in Kindle ($9.99) and paperback ($19.95) formats on Amazon. But for readers who want to experience the full potential of Web3 technology, there’s an even better option. By downloading the ImmutableBooks.com app, you can purchase the eBook by page, chapter, or in its entirety, using a pay-per-consumption model that only charges you for the content you read.
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- The Bitcoin Letters: https://thebitcoinletters.com
- Available on Amazon: https://a.co/d/9DFK2oo
- Available on Immutable Books: https://immutablebooks.com
About Bryan Daugherty
Bryan Daugherty is an accomplished digital transformation specialist with over two decades of experience in enterprise-grade technologies. Daugherty serves as the Global Public Policy Director for an educative, non-profit trade association, where he advises policymakers in over 30 countries, playing a key role in shaping the future of blockchain policy globally.
His area of expertise includes Blockchain Information Security, Cybersecurity, Enterprise Blockchain Integration & Implementation, and Commercial Blockchain Application Development.