Gladius ICO – Can a Blockchain-powered Anti-DDoS Solution Save the Internet?
The freedom presented by the Internet is increasingly threatened by malicious elements and DDoS attacks have become an unstoppable menace. Gladius is a blockchain-powered platform which allows users to rent out their unused bandwidth to combat DDoS bot nets.
We know the internet today as the ultimate medium of communication and a platform that promotes freedom of expression. Hundreds of thousands of websites are launched every day, and the internet is growing faster than ever before. However, challenges, new and old, are still there, and one of the biggest problems today is the rampant use of Distributed Denial of Service (DDoS) attacks.
You have probably experienced your favorite websites and portals going down or being inaccessible now and then. That is usually because the server where they are hosted is unable to serve your request. There can be many reasons behind this, but DDoS attacks are increasingly responsible for shutting sites down.
Even cryptocurrency exchanges undergo regular DDoS attacks by those who want to manipulate trading volumes and prices.
In a DDoS attack, the attacker floods a server with so many useless requests that it loses the capability to serve genuine users – leading to a site going down and becoming inaccessible. As you can imagine, this means anyone with any malicious agenda can potential ruin online businesses and forcefully censor publications they don’t like.
How do we combat this threat?
There are several services online, the most popular being Cloudflare and Akamai and they work using multi-layered anti-DDoS infrastructures that filter spam/bad traffic and absorb it, protecting your actual hosting server from taking the load and seizing up.
However, attackers often use malware to infect unsuspecting users, hijacking their computers to create an army of bots that sends malicious requests. This means they can often scale the attack with no additional cost, but the service protecting you, has expenses that rise exponentially and can reach hundreds of thousands of dollars a year.
Gladius - a Blockchain-powered Anti-DDoS Solution
That’s where Gladius comes in. This Maryland-based startup is utilizing blockchain technology to create localized pools, which are comprised of people who contribute (rent out) their unused bandwidth and resources to absorb DDoS attacks.
It’s not unlike sharing economy concepts like Uber and Airbnb, and effectively removes the middlemen, or centralized services which are susceptible to single-point-of-failure risks and often come with expenses ordinary people and small businesses cannot afford.
The platform is also flexible with a pay-as-you-go model and easily scalable, allowing users and business owners to purchase DDoS protection as and when required, without paying high maintenance costs and monthly fees.
Since pools on Gladius are located around the world, the service also acts as a Content Delivery Network (CDN), which can effectively speed up delivery and response times for your website – optimizations that are known to increase user engagement and improve search engine rankings.
All payments on the platform are going to be handled with GLA tokens, which are going to be distributed in the upcoming Initial Coin Offering (ICO), starting November 1.
GLA is basically an ERC20 token based on the Ethereum blockchain, and users who participate in pools can earn GLA tokens by validating incoming requests. Webmasters can also use the tokens to buy protection and CDN services on the marketplace.
The public sale with start with a 40% bonus – offering 700 GLA for 1 ETH, which will be reduced to 10% for the 1st week (550 GLA / ETH), 5% in the 2nd week (525 GLA / ETH) and will continue at 500 GLA / ETH from there on.
While it remains to be seen whether Gladius will be able to make a place in the market captured by big brands, there are other challenges it will face as well, especially when the blockchain-powered solution is put to test in the real world with changing dynamics. All that being said though, it is definitely an exciting project and an ICO to watch out for.