Topic: Digital Currency Security Requires Breakthrough Technology (Read 348 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.

Technology risk: Cryptocurrencies and decentralized platforms are emerging technologies, which come with technology risks. For example, the platform's code may have vulnerabilities that could lead to hacking and theft. Additionally, the value of cryptocurrencies can be highly volatile due to market fluctuations, which could result in losses for investors.

Regulatory risk: Cryptocurrencies and decentralized platforms are not subject to traditional financial regulations, which can pose regulatory risks. For example, governments may introduce laws and regulations that restrict the use of cryptocurrencies or platforms may be shut down.

Poor user experience: The user experience of cryptocurrencies and decentralized platforms may not be optimal. For instance, platforms may have complex interfaces that require users to have technical knowledge and experience. Additionally, transaction speeds may be slow and there may be delays or glitches in the platform's operations.

Security issues: Cryptocurrencies and decentralized platforms allow for anonymous transactions, which can lead to security issues. For example, users may be vulnerable to hacking or scams, and it can be difficult to recover lost funds. Additionally, the value of cryptocurrencies can be subject to market volatility, which could result in losses for investors.

Security includes technical security and transaction security.In addition, how to retrieve the forgotten wallet address is also one of the security guarantees.

Technology is developing and improving all the time, and technologies that can surpass the security of existing cryptocurrencies are not permanently safe, and dangers and frauds exist all the time.  What does new technology bring to people?  this is what i care about

If supported by a large number of practical application scenarios, the possibility of this type of currency entering the circulation stage will be greater.

With my keen sense of smell, it seems that something milestone like new has emerged. Do you know when the official will provide a detailed introduction? I don't want to miss its release.

Is such technology really possible?  Where is the specific introduction?  Or are there related papers?

What do you mean are you talking about not using the internet to make transactions?
I went through your posts in the forum and you seem to be navigating to this content, and I am really wondering how it works or any material you would like to refer to any project you mentioned or not?
Personally, I simply think that in an era where the internet is almost too popular, crypto is only a small part of that ecosystem, the positives and negatives are all up to us to judge, no there are so many problems that I see the case you mentioned.

As time goes, there are lots of improvements being made since scammers and hackers are also working to find the lope hole in this kind of technology and obviously, they have been using it for their own advantage. On the other hand, developers are continuing to improve both the security and assurance of the project they are offering for their investors, and whoever does it very well, they are the one who is gonna get huge numbers of followers and investors for example Binance and the likes of it that are continuing to develop and update their project to become one of the best throughout the time.

We cannot say that this is true if we assume that the total number of people who have used, bought, or heard of encrypted currencies or digital money is 500 million people, as this number is less than the general population, and since the influence of Facebook, for example, is greater than the influence of bitcoin.


Frankly, I did not see the idea, but let's take Grin as an example, as it is a similar idea
GRiN — THE MIMBLEWIMBLE BLOCKCHAIN It perfectly matches your description, however, over a year ago, it did not have a high value compared to some of the non-technological assets behind it that gained popularity. the value of such structures may appear after 10 to 20 years.

Decentralized platforms do not have a centralized control mechanism. Users have the responsibility for their own data and information and have the freedom to choose whether or not to share it with others.

I would like to know exactly what the decentralized structure of the new technology disorder you mentioned is, how it solves the technical obstacles of the original decentralized platform, and how it realizes offline transactions

new technology? For currency encryption, or decentralized? Sounds innovative

Digital currencies are great, and decentralized structures are great, but they are mentioned too many times.  For an excellent digital currency, these are not enough. It must have sufficient recognition and support from some projects, plus enough holders, and absolute security.  value.

Offline transactions? and special technical support? Is this a new currency coming soon, or is it already there, I haven't noticed it yet, can you tell me? grateful. . .

I have forgotten a lot of things. If I accept this wallet and currency, how can I solve it if I forget it in the future?

As we all know, digital currency transactions are very convenient, but there is a fatal disadvantage, that is, it must rely on the Internet. If a technology that enables offline transactions is developed, it should lead human life to a higher level. You can give me the link I want to know a thing or two too

The mistake people are making is that there is likely going to be a lasting solution to all these security issues which I doubt, what people fail to recognize is that anything that is hackable will be hacked it is just a matter of time, another thing is the human factor, most of these hacks are as a result of social engineering and not true hacking in its actual sense, if you are not security conscious you will be hacked, bank accounts are being hacked every day because people willing release their information to hackers online, even if it is offline, virus can slip into your laptop and phones and upload your information once you are online. Education is the best solution to this, people should be educated on what to do and not to do online, especially with their wallets

Offline transactions should be happen until sign, but broadcasts still need the internet. We life in a world where must connect to a network which can be connected if have the internet. I know we can use the satellite, but must have a lot of settings that can't we do if are not tech savvy.

most likely can't be fixed because of different situations, he must brute force his password by using tool like Bitcrack.

They sacrificed their network decentralization but transaction fee, gas price are still not cheap.

Ethereum blockchain is still the most expensive chain for transaction fee. Will they solve it with another upgrade to scalability?

There are always cons and pros.
Because for example on Ethereum: they can solve the scalability of the network but risk the being decentralized of the network.

So for me, most of those claiming that they are decentralized cryptocurrency projects right are indeed not decentralized. There are a lot of projects like this. They thought that once they are already a cryptocurrency project, they already a decentralized which is really not.

Are offline transactions what you mean by dual offline transactions? Can run in those scenarios. Can I use it when there is no network signal on the train? I saw a guy who said that his Bitcoin account had dozens of Bitcoins that he could never find because he forgot his password. Can what you said solve this problem?

The birth of digital currency has brought about great changes in human life, and it is also the most popular payment method for people.  Because of convenience and speed, digital currency has become a trend!
However, there are also some security risks. The payment and circulation of electronic money rely heavily on various networks, and there are various operational risks, such as deliberate embezzlement of other people's accounts, internal crimes committed by issuers, and malicious intrusions by hackers, all of which will damage electronic money.  interests of currency holders.
We look forward to a breakthrough technology that will make our digital currency transactions more secure and convenient.
I saw someone send a message on the reddit forum. A breakthrough new technology is a disorderly decentralized structure. It is decentralized and does not form blocks. It solves the technical barriers of the original decentralized platform, and it is an offline transaction. Everyone  Are you looking forward to it as much as I am?