One of the goals of the first invention of crypto currency (CC) was to establish a secure digital transaction system. The technology used was Blockchain, and it still is. Blockchain systems were designed to address frequently encountered problems with online financial systems that use older technologies – such as account hacking, fake payment authentication, and phishing scams on websites.
The blockchain itself is secure, inexpensive, and reliable on global peer-to-peer record networks (distributed books). Transaction logs from around the world are stored on blockchain networks, and as these logs are distributed throughout the user community, the data changes spontaneously. Not a single piece of data can be changed without changing all the other blocks in the network, which would require a majority of the entire network – millions of guard dogs. BUT – what if a website gives you a gateway to a legitimate cryptocurrency exchange product or cryptocurrency wallet, but is it really a website designed to trick you into spreading information? You have no security in Blockchain in any way – you just have another phishing scam, and you need to protect yourself against all of this.
MetaCert is a company that is responsible for keeping Internet users safe, and its main security product can be used by companies to protect against many malicious threats, and they now have a product designed to keep CC fans safe. This new product is called “Cryptonite” and is designed to be installed as a browser add-on. Current browsers rely on SSL certificates that show users a small padlock in the browser’s address bar. Users have for years been convinced that SSL certificates ensure that a website is genuine – not so fast – that phishing sites also use SSL certificates, so users may be deceived into thinking that a website is legitimate. After adding it to your web browser, Cryptonite will display a shield next to the address bar. The coat will turn from black to green if a website is considered “secure”. MetaCert says they have the most advanced threat intelligence system in the world with the largest database of URLs classified for security.
Being safe is always a good thing, but in the future more security products will be needed as technology advances, at an ever-increasing pace. In the sky is Quantum Computing (QC), which is showing great promise. Many QC say it is one of the greatest technological revolutions of the modern era. By harnessing the power of quantum mechanics, QC machines can perform much more complex tasks and achieve speeds that could not have been achieved before. Traditional computers are based on a binary model, using a system of switches that can be turned on or off, indicated by a 1 or 0. QCs are different because their switches can be in both on and off positions at the same time. , called “overlays.” This ability to be in two simultaneous situations makes QC much faster. Google announced more than two years ago that their quantum prototype 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 on the market was produced in 2011 by the California-based company D-Wave. The D-Wave machine was equipped with a processor consisting of 16 quantum computer units, called QUBITS. Since then, industry leaders like 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 handle in the coming years. Although quantum computing has the potential to make significant strides in many areas and provide innovative solutions to some of the most complex problems, it will surely create the need for better security, as these machines will also have the power to help hackers track them. Protection and security will always be needed in the crypto currency space, as in all other online spaces.