Innovative Cybersecurity Solution: AuthLN
Mike Sires, a military veteran from Dublin, Ohio, has introduced AuthLN, an innovative proof-of-work authentication protocol designed to combat cybercrime by imposing a financial cost on unauthorized login attempts. Drawing from his deep understanding of Bitcoin and inspiration from Jason Lowery’s thesis, “Softwar,” Sires aims to discourage cyberattacks by utilizing the Bitcoin Lightning Network.
Understanding the Inspiration Behind AuthLN
In 2023, Sires encountered Bitcoin through Lowery’s compelling thesis, which presented the cryptocurrency as more than a financial tool; it is critical for national security and digital power dynamics. The thesis argues that Bitcoin’s proof-of-work foundation allows for the transformation of real-world energy into digital security, a concept that deeply resonated with Sires and influenced his vision for cybersecurity.
Addressing Cybercrime Vulnerabilities with AuthLN
Considering that cybercriminals typically face no financial repercussions when executing attacks, Sires recognized a crucial gap that needed addressing. His solution, AuthLN, requires users to stake a specific amount of Bitcoin to verify their identities during system access. This mechanism effectively shifts the approach to cybersecurity from reactive to proactive.
How AuthLN Works
- Lightning Hold Invoices: During the authentication process, users secure Bitcoin in a hold invoice.
- Successful Login: If login is successful, the invoice is canceled, and the Bitcoin is returned to the user.
- Failed Authentication: On failure, the staked Bitcoin is forfeited to the resource owner, imposing a clear cost on unauthorized attempt.
This payment mechanism seeks to create a deterrent effect against cybercriminals who often exploit systems without facing any financial risk.
Targeting Enterprise Organizations
AuthLN is initially focused on enterprise organizations, intending to replace outdated multi-factor authentication methods and bolster overall security. By integrating with existing systems, AuthLN aims to prevent common attack vectors like brute-force methods and compromised credentials. Sires ensures that authorized users experience minimal disruptions, while unauthorized users encounter significant financial barriers.
Demonstration of AuthLN at a Bitcoin Meetup
During a recent Bitcoin meetup in Columbus, Ohio, Sires showcased the AuthLN prototype. Users authenticate by scanning a QR code and staking Bitcoin through the Lightning Network. This approach emphasizes user intent verification, further enhancing security through proof-of-work principles. Sires noted that by adding a cost factor for potential attackers, cybercrime becomes significantly less appealing.
Client Discussions and Future Goals
In conversations with prospective clients, Sires addresses the prevalent issue of cost-free cyberattacks, marketing AuthLN as an advanced solution using proof-of-work as a deterrent. He strategically avoids direct references to Bitcoin to prevent preconceived notions that may color executive perceptions of cryptocurrency.
Towards Cyber Sovereignty with AuthLN
AuthLN symbolizes a movement towards what Sires defines as “cyber sovereignty,” empowering individuals and businesses to safeguard their digital domains with proof-of-work principles. Through the adaptation of Bitcoin’s foundational concepts into a cybersecurity framework, AuthLN aspires to carve out a distinctive niche that amplifies digital security through economic motivations.
Overcoming Challenges in Startup Development
While Sires acknowledges the hurdles inherent in launching a startup and the complexities of technology integration, he remains committed to the vision of rendering cybercrime unprofitable. By implementing a cost structure on cyberattacks, AuthLN aims to foster a safer digital realm.
Collaboration and Vision for the Future
Currently, Sires is engaging with various companies and organizations interested in adopting AuthLN. He perceives his endeavor as a mission larger than himself, much like his past military service. Inspired by concepts from Lowery’s thesis, Sires aspires to establish a secure digital future, aligning with Bitcoin’s broader potential as a global reserve monetary system.
Lowery expressed his support for Sires’ initiative, stating, “It begins… Love to see US veterans building PoW-based cybersecurity solutions.”
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