Is Bitcoin Industry too Dependant on CloudFlare?

“Don’t put all your eggs in one basket.” A saying that most of us are familiar with. For those who don’t know about it, it means don’t be completely dependent on only one thing without factoring in the redundancies and contingencies. The same holds good for bitcoin industry as well.

The bitcoin platforms are targeted regularly by hackers and they also attract a lot of DDoS attacks. In order to prevent unauthorised access and DDoS attacks bitcoin companies, both big and small depend on third party applications, in addition to their own security features. CloudFlare is one such service provider who has been providing CDN (Content Delivery Network) and DNS (Domain Name System) services to major bitcoin exchanges, services and publishing companies.

It was recently reported in an article featured on one of the cryptocurrency news publication site lists some of the well-known players who use CloudFlare’s services for DNS and CDN services. The list includes names like BitPay, Bitgo, Coinbase, Kraken, LocalBitcoins, and The San Francisco based company has been offering its security and content delivery services since 2009.

Read more ... source: NewsBTC USA