DDoS (Distributed Denial of Service) Protection is a fundamental element for the success of any large website.

Gladius are attempting to disrupt the industry – dominated by large players such as Microsoft – through the introduction of a decentralised DDoS protection system.


YOU WILL LEARN:


What Is DDoS?

What Is Gladius?

How Are Gladius Improving DDoS Protection?

Is Gladius A Good Investment?

 

CONTENTS

  1. What is Gladius?
  2. How Will Gladius Work?
  3. What are the Current Market Solutions?
  4. How Will Gladius Improve on These?
  5. Will the Token Price Increase?
  6. The Team
  7. Barriers to Success
  8. The Roadmap
  9. ICO/Token Sale Details + How To Buy Gladius Tokens
  10. Conclusion
  11. Follow Future Posts

1. WHAT IS GLADIUS?

In our own words:

  • Gladius is a decentralized cyber security tool, which aims to prevent denial of service (DDoS) attacks. Correctly implemented, this will result in an improved content delivery service and improved website loading times. 

What Is A DDoS Attack?

  • A DDoS attack is where a person aims to make a web host, server or website unavailable for use by flooding it with traffic, causing it to crash. Alternatively, they are sometimes used as a means of obtaining private company or customer data.
  • DDoS attacks are becoming more common and incredibly easy for a person to achieve; with the necessary bot available for just $5.
  • A recent, high-profile attack saw websites such as: Twitter, Netflix and Reddit shut down for more than 24 hours.
  • DDoS attacks have cost companies $150 billion worldwide so far this year. 


2. HOW WILL GLADIUS WORK?

Gladius will utilise a combination of the decentralised nature of Ethereum’s blockchain, peer-to-peer networking and DDoS Protection Software to create a decentralised DDoS protection software. 

There are two persepctives to consider when discussing Gladius; network users and contributors. Let’s begin with the network contributors:

Network Contributors

Users from around the world will download the Gladius desktop client, join a local protection pool (a group of Gladius users close to one another geographically) and begin renting their spare internet bandwidth in return for payment in Gladius tokens; a system very similar to Substratum.

Each pool will have a host who will determine aspects such as:

  • Who is allowed into the pool
  • Which clients to accept
  • The appropriate charge for doing so.

These pools allow sites to cache their content close to users and when a site is under attack, the requests are routed to all of the independent members within the pool. These members then individually verify the requests to ensure only trusted connections are let in.

If you are interested in becoming a network contributor, you can check out  their calculator so you can see exactly how much you would earn.

Network Users

The network users will be the websites looking to make use of Gladius’ DDoS protection.

Website owners will purchase GLA tokens from exchanges and pay network contributors with these in return for their services.

 

3. WHAT ARE THE CURRENT MARKET SOLUTIONS?

We say this time and again yet this incredibly important point is so often overlooked:

Businesses are created for one purpose; to solve market problems

If a business does not solve a real problem, it is unlikely that it will succeed.

So what market problems are Gladius specifically solving?

There are currently two main techniques used to try and prevent DDoS attacks: DDoS Mitigation Solutions and Decentralized Delivery Systems, we’ll discuss why neither of these offer a perfect solution below. 

DDoS Mitigation Solutions

Programmes that attempt to sort the ‘good’ traffic from the ‘bad’ traffic. They attempt to identify a websites patterns of traffic and prevent the access of anything it considers abnormal.

These systems can struggle to sort the right from wrong, which can result in not only the ‘bad’ traffic entering the network but also preventing wanted visitors from accessing a site. DDoS Mitigation Solutions are also becoming easier for attackers to circumvent if operated manually – cloud based operations often see more success.

Decentralized Delivery Systems

This is where traffic is sent to multiple individual hosts, potentially worldwide, before routing to its desired destination in an attempt to make any DDoS attack either ineffective or at least much more complicated.

While this method is considered reasonably effect, commercial content delivery systems are incredibly expensive, so not suitable for all. As well as this, they are still vulnerable to the more sophisticated types of DDoS attack.

4. HOW WILL GLADIUS IMPROVE ON THESE?

While both of these approaches are considered somewhat effective, neither are complete solutions and thus they can be improved. Gladius hopes to be just that and has three distinct benefits when compared to the previously mentioned methods.

It should be noted that we are not blockchain or DDoS Protection experts and you should carry out your own research to decide if you think Gladius are capable of offering their claimed advantages

1. Faster Content Delivery

Clients will always be directed to the node closest to them in location, this will be done using a location based DNS server, ensuring the process is completed in the shortest time possible. As mentioned above, previous decentralized delivery systems would potentially send clients worldwide to complete this process, only lengthening the wait time. 

The importance of CDN can be found here.

2. Increased Protection

By combining the two previously mentioned methods of protection, Gladius can guarantee a more secure service; the distribution of data to multiple servers helps to create a more secure system.

A final proxy server will also hide the true IP address of the client from any attack, making successful disruption much more difficult. 

3. Affordable Cost

The cost of the service is determined by the pool host and since there will be a number of different pools to choose from, there is a need to keep prices competitive. As well as this, the decentralized nature of the project means there is no middleman involved.

As a result, prices will automatically be lower than a centralized system but will still maintain value for both clients and hosts.

It is important to remember that an ICO’s whitepaper often acts as their main marketing tool, for this reason, we like to take a critical look at their claims as you can see below:

OUR THOUGHTS

Content Delivery Time

Content delivery speed is very important, especially when considering that Google favours faster loading websites meaning that it is more likely for a website to appear near the top of Google searches with high page loading times.

However, you would have to question the level of impact that Gladius’ systems will make – will a few milliseconds make a significant difference to Search Engine Optimisation

Increased Protection

The importance of this aspect simply cannot over-stated – any other benefit that Gladius can offer is simply a ‘cool extra feature’. Whether Gladius can truly offer improved protection is fundamentally the most significant part of this project.

As we’re not DDoS experts, it’s impossible for us to comment with certainty whether Gladius’ claims of increased protection are valid or not. However, we can highlight the underlying nature of the blockchain technology – which Gladius is built upon – that is to offer improved security and privacy in many different area.

Due to the decentralised and virtually unhackable nature of the blockchain, we would think it most likely correct that Gladius’ claims of increased protection are valid.

Affordable Cost

Since prices are set by the pool managers, they should in theory be cheaper, this may not automatically happen though. If the initial uptake of the system is minimal and only a few pools are created, pool managers may decide to charge a higher price.

This may be more prevalent when it comes to the content delivery speed aspect; if there are certain areas with only one or two pools, managers may be able to charge a premium to clients wanting to be cached here.

Overall, we believe the Gladius will potentially be offering real solutions to problems in the market if they’re able to successfully build their platform as expected.

Having discussed the project and its benefits, we’ll now take a look at whether the token price is linked to the success of the platform or not.

 

5. WILL THE TOKEN PRICE INCREASE?

This is another incredibly important point that people often overlook when investing in Cryptocurrencies – is the token price truly linked to the platform usage?

Investing in Cryptos is not the same as traditional investing – when you buy shares in a company, you’re buying ownership. As the company makes increased profits, the share price will increase and your investment value will rise also.

With the majority of Cryptocurrencies, the tokens don’t represent shares.

Therefore, it’s possible for the company to be successful (i.e the CEO and employees get rich) and yet the token prices may actually fall if they aren’t correctly linked to platform usage.

The ONLY factors determining token price are supply and demand on exchanges.

Obviously, supply and demand are affected by many factors but the price all comes down to the combination of these two. Because of this, it is essential to ask yourself the following two questions:

1. Demand – Will there be token demand on the exchanges?

2. Supply – Will there be excessive inflation hindering prices?

Let’s first look at demand:

What Are The Sources of Demand?

In order for a website to use the Gladius DDoS protection service, they will have buy to pay in GLA tokens. In order to pay in GLA tokens, website owners will have to buy them from the exchanges.

As more websites begin using Gladius’ DDoS services, there will be higher demand on exchanges and token prices will increase.

As such, the GLA token price has been tied to the success of the Gladius system.

What Is The Likely Inflation Rate?

Gladius will be creating a fixed supply of tokens meaning zero inflation rate. However, that doesn’t mean new tokens won’t be entering onto exchanges;

A total of 60% of tokens will be sold in the ICO, meaning that another 40% will enter the market at some time so how is this extra 40% distributed?

  • 15% – Founders – This will include an 18 month minimum holding period so these tokens will not cause an inflationary pressure
  • 15% – Operations – This pool will be sold over time in order to assist with operating costs. As this is 1/4 of the quantity sold in the token sale, this won’t cause excessive inflation.
  • 10% – Team – In the whitepaper, the vesting period for this is listed as ‘varied’, meaning that we cannot predict when these extra tokens will enter the exchanges. However, even if we assume that the team wishes to sell all of their tokens, 10% is a relatively low figure and shouldn’t cause excessive inflation.


Overall, the inflation rate should be relatively low and the demand will be based entirely on the success of Gladius. As such, we are able to simply analyse whether we believe this project will be a success – while factoring in price – in order to determine if this is a worthy investment.

6. THE TEAM

As our regular readers will know, one of our mantras here at Crypto Gurus is to “invest in people, not ideas”. It’s based off the principle that an idea is only as good as the people who execute it. As investors, we strongly believe in this principle.

The 12-member strong team includes several advisors and designers alongside it’s three original co-founders. The first thing that jumps out about the co-founders is their age; all three are still at university. This is not to say they lack experience however; Niebylski boasts 8 years of experience in computer programming, including a spell with Bloomberg LP.

What appeals to us more is that the co-founders clearly identified that they could not achieve this project alone and went out and secured team members with the necessary experience.

Two names that offer just this are Jeremy Epstein and Michael Terpin; Epstein offers 20 years of international marketing experience, as well as being the marketing faculty member for the prestigious Blockchain Research Institute, while Terpin has multiple Bitcoin endeavours including: BitAngels, Bitcoin Syndicate and CoinAgenda.

While this is a relatively small team, there are a lot of things to like about the individuals involved and while it could be considered a negative that they have been together for less than 12 months, the progress they have made in that time, for me, dissolves any of those fears.

Sidenote

Some of you may recognise Jeremy Epstein as a previous member of the IOTA team, he was actually let go from that project after failing to disclose his affiliation to one of their most vocal competitors.

As well as this, an agreement was reportedly reached with Epstein that he would not join any further projects, since IOTA had brought him in as a lead advisor, that he also failed to honour.

Epstein seems to have taken advantage of some clever search engine optimisation (SEO), in order to place himself above the competition; looking at some of his work, there is not too much that stands out as impressive. A series of grainy YouTube videos in front of a whiteboard do not present the appearance of a ‘Professional Blockchain Genius’ as he describes himself.

This is not an attack on Epstein but it certainly brings into question whether he is the right kind of person to be involved in Gladius; a young team which may need strong guidance cannot afford to carry someone who may still possess a conflict of interests.

You may be wondering if there is there anything else currently standing in Gladius’ way? We’ll now take a quick look at a few hurdles Gladius must overcome in order to succeed:

7. BARRIERS TO SUCCESS

With a new project such as Gladius, it is important to identify any obstacles that may hinder their progress, we have highlighted a few potential hurdles:

Adoption

An internet search for DDoS protection brings up results from companies such as Microsoft and Cloudflare, with the number of high profile options available, you have to question why would someone choose an untested project such as Gladius? Gladius may not be helped by the continued scepticism that surrounds cryptocurrency either.

Countering this though, you could argue that Cryptocurrencies and some of their benefits may have become mainstream enough by the release of the platform that Gladius will be able to convince various websites to use their systems.

Slow Growth

Following on from the point above, Gladius may find initial uptake slow; the number of websites rushing for this at release may be minimal. They may have to rely on smaller companies to present their case but once people see that their system works, more may begin to come onboard. This could take time, however, as bigger companies may seek years of successful data as proof.

8. THE ROADMAP

November 24th 2017 – Public Token Sale: The first public sale of tokens for the platform.

March 2018 – Full DDoS and CDN Launch: The beta release of the Gladius network. Fully featured with the cornerstones of their CDN and DDoS mitigation services.

August 2018 – Full Public Launch: The first official public release of the network. Websites and businesses of all shapes and sizes will be able to use the Gladius network to speed up and protect their sites. Full support and assistance will be included.

December 2018 – Further System Optimizations and Stretch Goals: The final bells and whistles of the platform. From the various stretch goals, to bullet-proof security and everything in between.

9. ICO/TOKEN SALE DETAILS + HOW TO BUY

  • ICO/Token Sale Link – https://gladius.io/register
  • Referral/Affiliate Code – N/A
  • ICO Start Date – November 24th 2pm UTC
  • ICO End Date – December 30th
  • Token Price – 600-500 GLA = 1 ETH
  • Bonuses Available – Maximum bonus of 20% (600 GLA per 1 ETH)
  • Token Supply – 48.2 Million (60% sold in token sale)
  • Soft Cap – $4 Million
  • Hard Cap – $12.5 Million
  • Current Raise (28th Nov) – $6.7 Million
  • Accepted Currencies – ETH
  • How to Participate – Click this link and follow the instructions

Very Important Point:

Token price is irrelevant when investing. Hard cap is all that matters for judging whether an ICO is cheap or expensive and market cap is all that matters once the Crypto hits the exchanges.

If you want to learn more about this fundamentally important aspect of investing, make sure to have a read of our brief explainer article.

 

10. CONCLUSION

DDoS protection services are becoming more and more important with the increased growth in the number of websites. Gladius is offering a real solution to a problem and has tied their token price to the platform usage very well.

It could be relatively difficult to begin convincing websites to use their system over more established alternatives to begin with. However, with a very modest maximum raise of just $12.5 million, there is significant upside potential for this project.

Combined with the fact that $6.7 million has already been raised and the planned system launch is not that far away – March 2018 – in Crypto terms at least, this could provide an interesting opportunity for investors.

That’s the end of the article! Thanks for stopping by and don’t forget to check out our other articles for regular Crypto/ICO reviews and market updates

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Disclaimer: None of the above is financial advice. Always do your own research.


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This article has been provided by our Business Analyst; Aaron Laver.