Friday, October 28, 2016

The user understanding of verification

How does the bot, in your smart card, guarantee authenticity?
The example is that you authorized auto trading.  There are two smart cards, your's and the person who is on then hook, contractually at the trading site.

A verification is an echo, your bot sends a verification request down the line to the destination bot.   The destination bot returns the echo, and the echo will collect verifications along that path back; verifications up to the level of precision required.  The required here is system wide, and may not be what you like, but verifications have to remain free, I think.  All the weak links in the chain have to have their critical code verifiable.

Its the weak spot in the architecture

There exists the possibility of the hackers flooding the system with verifications reports.  The system lowers precision, to reduce traffic, the hackers then jump in the sudden bandwidth gap, sneak in front of the line. It illustrates the point, when traffic is priced, there is not this risk as in time of the  flood,  because sites raise prices a bit, andft significant trades still get through whilr the hackers go  broke.

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