One of the many goals when cryptocurrency (CC) was first invented was to establish a secure digital system of transactions. The technology used was blockchain, and still is. Blockchain systems are designed to deal with problems that are often encountered with online financial systems using older technology – such as account hacking, fraudulent payment authentication and web site phishing scams.
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Blockchain itself runs on peer-to-peer global record-keeping networks (distributed lasers) that are secure, inexpensive, and reliable. Records of transactions around the world are stored on blockchain networks, and since these records are spread across the entire community of users, the data is naturally resistant to change. No single piece of information can be changed without changing all the other blocks in the network, which requires the coordination of most of the entire network – millions of watchdogs. But – if a website seems to be offering you a gateway to legitimate crypto coin exchanges or crypto wallet products, is it really a website designed to deceive you into disclosing information? You have no blockchain security at all – you have another phishing scam, and need to be protected from all of this.
MetaCert is a company that says it is dedicated to keeping Internet users safe, and its core security product can be used to protect enterprises from a variety of malicious threats, and now has a product designed to keep CC enthusiasts safe. This new product is called “Kryptonite” and is designed to be installed as a browser add-on. Current browsers rely on SSL certificates which show a small padlock on users’ browser address bar. Users have been told over the years that SSL certificates assure you that a website is authentic – not so fast – phishing sites also use SSL certificates, so users may be fooled into believing that a website is valid if it is not. Once added to your web browser, Kryptonite will display a shield next to the address bar. This shield will turn from black to green if a website is considered “secure”. MetaCert says it has the world’s most advanced threat intelligence system and the world’s largest database for security.
Staying safe is always a good thing, but as technology advances, more protection products may be needed in the future. On the horizon is Quantum Computing (QC), which is showing great promise. QC is considered by many to be one of the greatest technological revolutions of the modern age. Utilizing the power of quantum mechanics, QC machines will be able to take on more complex tasks and achieve previously unattainable speeds. Traditional computers are built based on a binary model, using a system of switches that can be turned on or off, represented by a 1 or a 0. QCs are different in that their switches can be on and off at the same time. , Which is called ‘superposition’. This ability to have two simultaneous states makes QC so fast. Google announced more than two years ago that the quantum prototype they had was 100 million times faster than any other computer in their lab. The development of this technology is advancing at an increasingly rapid rate. The first marketed Quantum computer was produced in 2011 by California-based company D-Wave. The D-Wave machine was equipped with a processor that contained 16 quantum computing units, called QUBITS. Since then, industry leaders like IBM and Microsoft have announced their own quantum programs. This trend will lead to an indicative scaling of the number of QUBITS that these new machines can handle over the next few years. Although quantum computing has the potential to make significant progress in many areas, and to provide innovative solutions to some complex problems, it will certainly create the need for improved security, as these machines will also have the ability to help hackers terribly. Activities. Cryptocurrency space will always need protection and security, just like all other on-line spaces.
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Stay tuned!