One of the many goals when the cryptocurrency (CC) was first invented was to create a secure digital transaction system. The technique used was Blockchain and still is. Blockchain systems were designed to be impenetrable to the problems that often occur with online financial systems that use older technology — problems such as hacking accounts, verifying counterfeit payments, and phishing scams on websites.
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Blockchain itself operates on peer-to-peer global accounting networks (distributed books) that are secure, inexpensive, and reliable. Event records around the world are stored in block-chain networks, and because these records are scattered throughout the user community, the data is inherently resistant to change. No data can be changed without changing all the other blocks in the network, which would require the cooperation of the majority of the entire network – millions of watch dogs. BUT – what if a website seems to provide you with a gateway to a legitimate cryptocurrency exchange or cryptocouple product, but is it really a website designed to trick you into disclosing information? You have no Blockchain security at all – you only have another phishing scam, and you need to protect yourself from it all.
MetaCert is a company that says it is dedicated to keeping Internet users safe, and its core security product can be used to protect businesses from a number of harmful threats, and now they have a product designed to keep CC enthusiasts safe. This new product is called “Cryptonite” and is designed to be installed as a browser add-on. Current browsers use SSL certificates, which show users a small padlock in the browser’s address bar. Users have been told for years that SSL certificates guarantee that a website is genuine – not so fast – phishing sites also use SSL certificates, so users can be fooled into believing that a website is legitimate even if it isn’t. When Cryptonite is added to your browser, a shield will appear next to the address bar. This protection changes from black to green if the website is considered “secure”. MetaCert says they have the world’s most advanced threat intelligence system with the world’s largest database of classified URLs.
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Staying safe is always a good thing, but more security products may be needed in the future as technology moves forward at an ever-accelerating pace. There is Quantum Computing (QC) on the horizon, which looks promising. Many cite QC as one of the greatest technological revolutions of the modern era. Utilizing the power of quantum mechanics, QC machines are able to perform much more complex tasks and achieve speeds not previously achieved. Conventional computers are based on a binary model that uses a system of switches that can be either on or off and is represented by 1 or 0. QCs differ in that their switches can be in both the on and off positions at the same time. , called “superposition.” This ability to be in two simultaneous modes makes QCs much faster. More than two years ago, Google announced that the quantum prototype they held was 100 million times faster than any other computer in the lab. The development of this technology is advancing faster and faster. The first quantum computer to be marketed was manufactured in 2011 by D-Wave in California. The D-Wave machine was equipped with a processor that contained 16 quantum computing units called QUBITS. Since then, industry leaders such as IBM and Microsoft have announced their own quantum programs. This trend will lead to an explosive increase in the number of QUBITS that these new machines can handle over the next several years. While quantum computing has the potential to make significant strides in many areas and provide innovative solutions to some of the most complex problems, it certainly creates a need for better security, as these machines also have the power to help hackers in their outrage. deeds. Security and security are always needed in the cryptocurrency space, as in all other online spaces.
Stay tuned!