One of the many goals for which cryptocurrency (CC) was first invented was to build a secure digital operating system. The technology used was Blockchain and still is. Blockchain systems are designed to be ineffective against problems that are common in online financial systems that use older technology – such as account tampering, fake payment identification, and website scams.
Blockchain itself works on peer-to-peer global recording networks (distributed notebooks) that are secure, inexpensive, and reliable. All over the world, transaction records are stored in blockchain networks, and as these records are distributed to the entire user community, the data is naturally resistant to modification. No piece of data can be changed without replacing all the other blocks in the network, which will require the consent of the majority of the entire network – millions of watchdogs. BUT – is a website really designed to deceive you into disclosing it, even if it seems like it provides you with a door to a legitimate crypto coin exchange or a crypto wallet product? 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 claims to protect the safety of internet users and the main security product can be used to protect businesses from a number of malicious threats, and now they have a product designed to ensure the safety of CC enthusiasts. This new product is called “Cryptonite” and is designed to be installed as a browser application. Existing browsers rely on SSL certificates that show users a small hanging lock on the browser’s address bar. Users have been told for years that SSL Certificates are the authenticity of a website – not so fast – phishing sites also use SSL Certificates, and therefore users are deceived into thinking that the website is not legitimate. Once added to your web browser, Cryptonite will display a shield next to the address bar. If a website is considered “safe”, this shield will change from black to green. MetaCert said they have the world’s most advanced threat intelligence system and the world’s largest classified URL databases for security.
Staying safe is always a good thing, but in the future, as technology advances at an ever-increasing rate, more security products may be needed. There is a promising Quantum Computing (QC) on the horizon. QC is claimed by many to be one of the greatest technological revolutions of modern times. By activating the power of Quantum mechanics, QC machines will be able to take on more complex tasks and achieve previously unattainable speeds. Traditional computers are based on a dual model or use a system of keys that can be turned on or off, represented by 1 or 0. QCs are distinguished by the fact that their switches can be both on and off. these are called ‘superpositions’. The ability to be in two positions at the same time accelerates QC even more. Google announced two years ago that its quantum prototypes are 100 million times faster than other computers in its labs. The development of this technology is progressing faster and faster. The first quantum computer was released in 2011 by California-based D-Wave. The D-Wave 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 expansion of the number of KUBITs 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 offer innovative solutions to some of the most complex problems, these machines will no doubt need more security, as these machines will also have the power to help hackers. deeds. In the cryptocurrency space, as in all other online areas, there will always be a need for protection and security.