It has been touted in many quarters that the success of every cryptocurrency relies on the skills of the traders/investors, and the viability of the trading platforms. After the flourish of these coins in the last lap of 2017, it has become apparent that their continued success might be a mirage. What could be a better explanation of the dwindling fortunes of cryptocurrencies in the last couple of months and the continued attacks channelled at the trading platforms? So, if the currencies must go through the bearish market and emerge stronger, then something needs to be done about the cryptocurrency exchanges.
CHALLENGES WITH CRYPTOCURRENCY EXCHANGES
It's no news that cryptocurrency exchanges are a custodian of sorts that protect the assets of the traders. In recent years, these platforms began to map out dedicated wallets for the storage of the traders' coins. It had been a perfect idea until hackers started to take an interest in that direction. That, in turn, led to the proliferation of hacks that brought many cryptocurrency exchanges to their knees, and many others are struggling to pay off the debts they accumulated following the loss of users’ funds.
The hacks might be considered the primary challenge, but a more significant variation is already brewing. The fear of quantum computers is the beginning of cryptographic wisdom, so to say. These computers can break through the strongest of cryptocurrency exchanges at the speed of light.
INTRODUCING THE FIRST QUANTUM-SECURED CRYPTOCURRENCY EXCHANGE
Many cryptocurrency exchanges are literally fighting the local battle of developing security architectures against hackers’ attacks, without giving much attention to the most formidable security threat posed by quantum computers. It’s in the light of the loss of concentration in that end that the QUUBE Exchange took the bold step of securing the platform against the palpable security threats coming through the Quantum Computers. So, if you’ve lost or at the risk of losing your investments on other cryptocurrency exchanges because of the excessive and malicious security breaches exclusive to the Quantum Computers, then you may want to start using the QUUBE Exchange.
BENEFITS OF TRADING VIA THE QUUBE EXCHANGE
If the QUUBE cryptocurrency exchange is really ready to tackle the challenges posed by Quantum Computers, then the chances are high that it has additional innovative features over the other cryptocurrency trading platforms. What are these features that make it stand out, and what do they mean for the average cryptocurrency trader?
Hinged on Quantum Computers
It should be noted that Quantum Computers pose two threats. One of those is the capability of connecting to a blockchain platform, and taking control of the same in operation considered as the "51% attack.” The implication is that such blockchain platforms (cryptocurrency exchanges inclusive) would lose all their assets and user accounts to the operators of the Quantum Computers.
That informed the reason behind the hinging of the QUUBE Exchange on Quantum Computers. With such a design, it would be hard for the “platform to go against itself,” because it already took protection on the same computers that could have hacked it.
Quantum Computing and Post-Quantum Encryption
The second and one of the prominent challenges posed by Quantum Computers is the encryption algorithm attacks. It involves using alternative and malicious algorithms (Shore and Grover) to break through the traditional blockchain algorithms. When that happens, the operators of the computers would then be able to transfer the assets or funds in the wallets to wherever they desire.
In response to that situation, the QUUBE Exchange came up with the duo of Quantum Computing and Post-Quantum encryption models as a way of ensuring the stability of the platform’s algorithm.
QUUBE EXCHANGE IS SECURE
Many cryptocurrency exchanges are faced by many security threats, including the most threatening – Quantum Computers. So, the varieties of security tools provided by the QUUBE Exchange are the perfect step towards securing the platform, while providing maximum security of the users’ accounts and assets. It is hoped that many other cryptocurrency exchanges and their users would begin to utilize the viable security apparatuses designed by the QUUBE Exchange against Quantum Computers.
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