---------- Forwarded message ---------- From: Jonathan Camilleri <[email protected]> Date: 29 December 2013 11:47 Subject: Does the bloom filter pose risks to consumer-wide acceptance of BitCoin? To: [email protected]
Caruana (2013) contends that bitcoin uses a bloom filter to verify payments reducing the time it takes to search for payments by matching across a number of hashkeys using bitwise operators, rather then scanning the whole network. This may lead to a number of false positives from a probabilistic point of view. Bloom filter seems to be the underlying technology used within various distributed data engines including Apache Accumolo. How does your company cover this technical risk? Has BitCoin gained acceptance of the European Central Bank as yet? I have not to date come across the equivalent exchange rate used for BitCoin, is there a table of exchange rates published? References 1. Look algorithm using bloom filter http://godwincaruana.me/lookalgorithmtechnique-bloom-filter/ 2. Bloom Filter, available online at http://en.wikipedia.org/wiki/Bloom_filter. 3. Apache Accumolo - http://accumulo.apache.org/mailing_list.html Regards, -- Jonathan Camilleri http://www.linkedin.com/in/jonathancamilleri Mobile (MT): ++356 7982 7113 E-mail: [email protected] Please consider your environmental responsibility before printing this e-mail. I usually reply to e-mails within 2 business days. If it's urgent, give me a call. -- Jonathan Camilleri Mobile (MT): ++356 7982 7113 E-mail: [email protected] Please consider your environmental responsibility before printing this e-mail. I usually reply to e-mails within 2 business days. If it's urgent, give me a call.
