One of the many goals for which cryptocurrency (CC) was first invented was to create a secure digital operating system. The technology used was Blockchain and still is. Blockchain systems are designed to withstand the problems that are common in online financial systems that use older technology – such as account hacking, fake payment authentication, and website phishing scams.
Blockchain itself works on peer-to-peer global accounting networks (distributed books) that are secure, inexpensive and reliable. All over the world, transaction records are stored on blockchain networks, and as these records are distributed to the entire user community, the data is essentially resistant to modification. No piece of data can be changed without replacing all the other blocks in the network, which requires a deal of the majority of the entire network – millions of controllers. BUT – what if a website seems like a gateway to a legitimate cryptocurrency exchange or a cryptocurrency wallet product, but is really a website designed to deceive you into spreading information? You don’t have Blockchain security at all – you just have another phishing scam and need to be protected from it all.
MetaCert is a company that says it is dedicated to protecting the safety of internet users, and its core security product can be used to protect businesses from a number of malicious threats, and they now have a product designed to keep CC fans safe. This new product is called “Kryptonite” and is designed to be installed as a browser application. Available browsers are based on SSL certificates that show users a small padlock in the browser’s address bar. For years, SSL Certificates have assured users that phishing sites also use SSL Certificates to keep the website genuine – not so fast, so users can be deceived when the website is not legitimate. Once added to your web browser, Cryptonite will display a shield next to the address bar. If the website is considered “safe”, this shield will turn from black to green. MetaCert says they have the world’s most advanced threat intelligence system with the world’s largest database of secret URLs for security.
Staying safe is always a good thing, but as technology advances at an ever-increasing rate, more security products may be needed in the future. There is a promising Quantum Computing (QC) on the horizon. QC is considered by many to be one of the greatest technological revolutions of our time. Using the power of quantum mechanics, QC machines will be able to perform more complex tasks and achieve speeds previously unattainable. Traditional computers are based on a binary model using a key system that can be represented by 1 or 0. called ‘superpositions’. The ability to be two at the same time is what makes QC so much faster. For more than two years, Google has announced that their quantum prototype is 100 million times faster than any other computer in the laboratory. The development of this technology is progressing faster and faster. The first quantum computer was released in 2011 by California-based D-Wave. D-Wave’s machine is equipped with a processor with 16 quantum computing units called QUBITS. Since then, industry leaders such as IBM and Microsoft have announced their quantum programs. This trend will lead to an exponential increase in the number of QUBITS that these new machines can drive in the next few years. While quantum computing has the potential to make significant progress in many areas and provide innovative solutions to some of the most complex problems, it will no doubt create the need for improved security, as these machines will also have the power to help hackers in their daring endeavors. deeds. As in all other online spaces, protection and security will always be required in the cryptocurrency space.
Stay tuned!