A Proposal to Implement Bitcoin Protocol in the Linux Kernel

An implementation of a reliable protocol for decentralized networking through the Linux kernel is proposed in this article.

The proposed protocol establishes secure peer-to-peer communications between nodes in a decentralized network. At the same time establishing and maintaining consensus among all of the nodes in the network relating its state. A scheme called Proof-of-work is used to determine the true state of the decentralized network. The data that determines the state of the network is held in a distributed ledger called the Blockchain. The Blockchain is a chain of transaction blocks (a data-structure that hold the data of multiple transactions). These blocks are linked together by making the validity of a single block depend on the hash of itself and the block previously created. As the blockchain increases, security is made stronger. At the time of this writing there's no known way to gainfully compromise the blockchain.


1.1 Linux Networking

Linux networking over the Internet is much like other operating systems. Linux users rely on the same protocols used by Internet users worldwide. These protocols are relied on for what has become common means of communications, like SMTP for e-mail, HTTP used for websites, and SIP used by VOIP (Voice Over Internet Protocol) services. These protocols are used everyday and are major tools for during business in the mainstream world. Due to the underlying complexities, these services require people and businesses that use them to depend on a third-party to provide the facilities to use them over the Internet. Sometimes relying on their Internet provider to also provide access to several other Internet protocols.

1.2 Problem Identification

This type of reliance on third-parties for services over the Internet has given the Internet a seemingly centralized architecture. Where people depend on a supplier rather than access the resource directly from the environment. In this case the environment is the Internet. Centralized systems are efficient, scalable, and feasible, but come with a dependency on people to be honest when temped with the probability for huge gain through dishonesty. Also, they provide a central access point to sensitive data stored on the network, making a single successful attack powerful enough to cripple the entire network. Because these limits, centralized systems come with extreme risk and have proven to be a point of failure in our society for the reasons stated here.


2.1 Bitcoin Protocol

In October 2008 Satoshi Nakamoto released a paper explaining a digital currency called Bitcoin. Along with the description of the digital currency he also explained a protocol for a stable secure decentralized network, where consensus can be successfully established between the nodes. Bitcoin currency is an experiment that has tested the decentralized network protocol implementation. To date Bitcoin has been successful in many areas that the current centralized financial systems have failed. Any weaknesses revealed in the Bitcoin protocol will be a result of new application challenges. In the financial sector, which is complex and demanding, Bitcoin has shown that it's capable to handle many other real world problems we face on the Internet today. Leveraging Bitcoin as a decentralized development platform inside the Linux kernel would allow for an easier more secure, reliable, decentralized implementation of the most popular Internet protocols in use today. Protocols could be incorporated into the heart of operating systems using decentralized technology. This approach would release Internet users from dependency on third-parties to access services like SMTP, VOIP, DNS, and other Internet based services. As a result the Internet based services would be decentralized, less expensive to manage, and their service policies more accessible to user influence.

Source by James Ellis Smith

The Basics of Forex Signals

Forex Signals are proposed to buy and sell points based on all kinds of data. Signals can be delivered to you from a Signal Provider, or you may create your own entry and exit rules based on your own set determinations. Signal Providers charge a fee, but deliver signals to you via email, instant messenger or cell phone. Some Signal Providers even offer auto trading, which allows you to automatically execute trades based on their signals directly from your broker account. There are many ways to determine Forex signals.

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Also, most Signal providers may only update their recommendations once a day. You can combine their recommendations along with your own technical analysis, which can be current if done correctly, and create less risk for your trading. Many traders can improve their profits significantly using one or more top providers. But doing your research is critical before subscribing to a service. There are several providers who have been in business a long time and have a proven track record. Make sure that you evaluate each Forex Signal Provider before sending them your money, and more importantly, before you gamble with your funds on a trade. If you take your time to research and educate yourself, you can find it very profitable using signals as a trading tool.

Source by Kim Lehman