CandleFocus The Bitcoin SoftWar begins as Lowery highlights veteran's PoW security solution making hacks unprofitable
2024-09-19
Author: Content Editor
Mike Sires, a military veteran from Dublin, Ohio, has developed AuthLN, a proof-of-work authentication protocol that aims to reduce cybercrime by introducing a financial cost to unauthorized login attempts. The protocol requires users to stake a denomination of Bitcoin to validate their identity before accessing a system. If authentication fails, the user forfeits the staked Bitcoin, making cyberattacks less profitable. AuthLN seeks to replace traditional multi-factor authentication methods and enhance cybersecurity measures by integrating with existing systems to prevent data breaches. Sires is in talks with various companies and organizations interested in implementing AuthLN and believes it can contribute to a more secure digital environment.
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