"In the most innovative, weirdest, and stupidest idea of the month, two researchers from the University of Colorado Boulder and the University of Michigan have created a crypto-currency that rewards people for participating in DDoS attacks,"
Just like Bitcoin, DDoSCoin uses cryptographic data to provide a proof-of-work. In DDoSCoin's case, this proof-of-work is extracted from the TLS connection a miner establishes with the website they're supposed to attack.
"In modern versions of TLS, the server signs a client-provided parameter during the handshake, along with server-provided values used in the key exchange of the connection," the researchers explain. "This allows the client to prove to others that it has communicated with the server."
Read more:
http://news.softpedia.com/news/ddoscoin-is-the-crypto-currency-that-rewards-criminals-507256.shtml#ixzz4HAptB52pInteresting idea. I can't see an arms race on this coin like there was with bitcoin - each person can only have so much bandwidth.
Edit: Duplicate thread... moving to Archive.
