One of the many goals with the invention of Crypto Currency (CC) was to establish a secure digital transaction system. The technology used was and is blockchain. Blockchain systems are designed to be insensitive to problems common to online financial systems using older technologies – issues such as account hacking, fake payment authentication, and website phishing scams.
Blockchain itself runs in peer-to-peer networks (distributed ledgers) that are secure, inexpensive, and reliable. Transaction records around the world are stored in blockchain networks, and since these records are distributed across the entire user community, the data is inherently immutable. No single piece of data can be changed without changing all of the other blocks in the network, which would require the collusion of most of the entire network – millions of watchdogs. BUT – what if a website looks like it gives you access to a legitimate crypto coin or wallet product? But is it really a website designed to trick you into disclosing information? You don't have the security of blockchain at all – you just have another phishing scam and there is a need to be protected from all of this.
MetaCert is a company committed to protecting Internet users. The main security product can be used to protect businesses from a range of malicious threats. Now there is a product that ensures the security of CC enthusiasts. This new product is called "Cryptonite" and can 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. For years, users have been told that SSL certificates ensure that a website is authentic – not so quickly – that phishing websites also use SSL certificates, so users can believe that a website is legitimate if it isn't. Once Cryptonite has been added to your web browser, a sign will appear next to the address bar. This sign changes from black to green when a website is classified as "safe". MetaCert claims to have the world's most advanced threat information system with the world's largest databases of classified URLs for security purposes.
It's always good to be safe, but more security products may be needed in the future as technology advances faster. A promising quantum computing (QC) is emerging on the horizon. QC is hailed by many as one of the greatest technological revolutions of the modern age. By using the power of quantum mechanics, QC machines can take on much more complex tasks and reach speeds that were previously unmatched. Conventional computers are based on a binary model and use a system of switches that can either be on or off and are represented by a 1 or a 0. The QCs differ in that their switches can be in the on and off positions at the same time, which are referred to as "overlays". This ability to be in two simultaneous states makes QCs so much faster. Google announced over two years ago that its quantum prototype was 100 million times faster than any other computer in its laboratory. The development of this technology is progressing ever faster. The first marketed quantum computer was manufactured in 2011 by the California company D-Wave. The D-Wave machine was equipped with a processor that contained 16 quantum computer units called QUBITS. Since then, industry leaders like IBM and Microsoft have announced their own 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. While quantum computing has the potential to make significant progress in many areas and to provide innovative solutions to some of the most complex problems, it will certainly create a need for improved security as these machines will also have the ability to help hackers do wrong , Protection and security are always needed in the cryptocurrency space, just like with all other online spaces.