Topic: Digital Currency Security Requires Breakthrough Technology (Read 294 times)

I found out that there is an ESUP on the Reddit forum that seems to have effectively solved security issues. It is said that the latest technology is available. Who knows about their official website?

That is the case for now, of course, because of Bitcoin's volatility, most people see it as an investment asset more than a cash payment system, though it was created for the purpose of serving as a peer-to-peer payment system to transfer money back and forth without involving a centralized authority or giving any sensitive information to anyone only to keep your money safe, before Bitcoin, there was no decentralized mode for storing your money.

So we are yet to see a lot of things, Bitcoin being accepted as a payment method globally is one of them. So, we should probably just wait and ride the waves, for now, to gain some profit and keep storing Bitcoins while they are cheap, once we reach the time when Bitcoin becomes a global mode of payment, it will go too high in terms of price.

whatever the advantages of digital currency compared to conventional currency, digital currency will still not be able to replace the function of conventional currency as a legal means of payment. for me making a digital currency like bitcoin as an investment vehicle is very enough because the functions of the two are indeed different.

The birth of digital currency has indeed brought many changes to human life, and they have become a popular payment method.  However, the security of digital currencies has also been an important topic.  Decentralized technology can indeed solve some digital currency security issues.  For example, blockchain technology is a decentralized technology that can make digital currency transactions more secure and transparent.  Through blockchain technology, the transaction records of digital currency cannot be tampered with and cannot be forged, which can effectively prevent fraud and counterfeiting.  However, there are also some problems with decentralized technology.  For example, decentralized technology can lead to transaction inefficiencies and increased transaction costs.  In addition, decentralized technology may also bring some new security issues, such as hacker attacks and network failures.  Therefore, to make digital currency more secure and convenient, a comprehensive application of multiple technologies is required.  In addition to decentralized technology, it is also necessary to strengthen the security protection measures of digital currency, such as strengthening the application of cryptographic algorithms, improving transaction security, strengthening supervision and management, etc.  Only through the comprehensive application of multiple technologies can the security and reliability of digital currency be better protected, so as to better serve people's production and life.

In my opinion, because of the newness of the technology and a lot of myths about tmo how easy it is to make money with cryptocurrencies, many people make trivial mistakes and lose their money. The crypto industry is a unique place, here people first invest their money in something, then start learning something. It seems like it should be strictly the other way around. When people lose money in bitcoin, they start blaming bitcoin itself, not themselves. When people lose money in some service because they do not understand how it works, they shout that this service is a scam.

Do you mean using cryptocurrencies to pay for purchases?  Or transactions between cryptocurrencies?  Face-to-face transaction: This is the most common way to buy offline.  Buyers and sellers meet face-to-face and pay by cash or bank transfer.  After the transaction is completed, it will be transferred to the buyer's wallet.  If you want to shop with cryptocurrencies, sorry I don't know

Many unexpected investment opportunities are contained in cutting-edge technology

Didn't anyone reply to my previous question? Whether the more secure the Cryptocurrency is, the harder it is to retrieve it after forgetting the password.

In fact, no one can act as a central bank or a federal reserve to adjust the money supply as the number of users grows.  That would require a trusted party to determine the value, as I don't know how to let the software know the true value of various items.  If there's some neat way, or we want to trust someone to actively manage the money supply so that it's pegged to something, then we can have rules for that.  " - Satoshi Nakamoto

If there is a cryptocurrency with the same currency capacity as fiat currency, then where will the existing cryptocurrencies go?

Yes, it is better to join the credit loan business

It's not yet the time, friends, but when the time comes, many people will come to you asking how withdrawal and deposit work and create an address and send it to others. The development of the digital world will continue to evolve over time and we are grateful that we are very familiar with this, how it works and are no longer confused.

Since the advent of paper money, of course, digital money has been a breakthrough in this area and a new evolutionary step in the financial sector. Of course, this is a fast and convenient payment method, but at the same time, it is not ideal. Don't forget that digital money lacks privacy and confidentiality (not to mention exceptions).

With any form of money, there will always be security and safety risks. Whether it is cash in your pocket, which must be protected from thieves, or digital money, which is hunted by hackers and scammers.

No matter how new and revolutionary technology appears for digital currency transactions, there will always be vulnerabilities in it. Which, no doubt, attackers will always try to take advantage of. Therefore, I don't share your opinion that the miracle technology will solve all security problems. Also, the most vulnerable point will remain a person, that is, the owner of digital currencies himself, and here no new technologies can replace reason and common sense in the actions of the owner.

Wait - don't wait, but progress can't be stopped and new technologies will appear. It will be great if the decentralized and messy structure that you briefly talk about turns out to be really viable and finds use.

New tech in digital currency is often met with mistrust. A disordered decentralized framework without blocks sounds intriguing, but I stick to blockchain.

Blockchain, which powers Bitcoin, has persisted and improved despite its flaws. It shows the power of decentralization and cryptography.

Let's not overlook proven systems as we await new innovations. Bitcoin and blockchain remain the gold standard. We look ahead cautiously while remembering our past.

I don't agree if you say crypto currency is the most popular payment method because currently most humans still use fiat currency as a payment method. I think that only a few humans use crypto as a payment method and of course this method will not be accepted by the wider community because crypto is not a legal tender.

You will not find an answer to this question, since you hear that I heard about a new technology on Reddit, or an expert in technology told me, or with a friend working on a project, know that you will not find a reliable link to the story that will follow. If we assume that this news is true, even technical development does not mean that it will gain a large price. For example, the GRIN currency has technology and solutions to major problems, and yet it does not have a significant market value compared to worthless tokens.

Is there a formal promotion channel for the breakthrough security technology described? I would like to have a more detailed understanding.

If there is no constant value, offline transactions are very headaches for people
At the beginning, bitcoin was also worthless. The first transaction to be circulated in the market was on May 22, 2010. A program developer bought two pizzas with 10,000 bitcoins. According to the highest price this year, this  Two pizzas are worth $40 million, and the day is dubbed "Pizza Day" by Bitcoin enthusiasts.  When bitcoin was at a low ebb, someone in Zhongguancun bought a cup of coffee with one bitcoin.

I think it will be very difficult to realize offline transactions. Currently there is a digital era. Almost everything in our life requires an internet network. Hoping for a technological breakthrough that relies on an offline network, can it be like a network between devices? Like a connection between Bluetooth or Beam technology?

What do you want to express? I don't really understand.