Australian MetaStreme To Improve Blockchain Technology With RouterSV

MetaStreme, an Australian e-wallet and Bitcoin interface platform, recently proposed a new project prototype called “RouterSV” — a tool that will be designed to improve network security by publishing the traffic logs on the Bitcoin blockchain.

How Does It Work?

RouterSV uses the Syslog standard to send data logs collected in routers and other network devices to the Bitcoin SV ledger. According to MetaStreme’s director, Paul Chieri, by publishing the log files, the transaction records would become permanently auditable, and allow network administrators to share valuable data records with each other.

RouterSV takes logs collected by a router or other network devices and stores them to a syslog server which then writes that data to the BSV ledger. Syslog is a commonly used protocol by routers, servers, switches, and other network devices. It allows the collection of system and security logs of multiple devices to be collected into a single database.

Stated Paul Chieri to Coingeek

In a recent interview, Chieri stated that the company is already using its own system to publish the traffic logs to the BSV blockchain. The director added that RouterSV is under design, and it’s an open project if people experienced with Syslog records are interested in joining in its development.

MetaStreme is powered by Bitcoin SV (BSV) protocol – which enables other programs to interact with the BSV network through an API (Application Programming Interface) — a software intermediary that allows two applications to interact with each other.

Bitcoin SV (Satoshi Vision) originated from a hard fork from BTC Cash. The result is a cryptocurrency with its own separated blockchain. The BSV network has a number of advantages, such as scalability — with bigger blocks of 128MB, lower fees, and better network development.