Is the implementation of reusable private keys requires for a Relictum Node app?
Anonymous Poll
26%
Yes
74%
No
What is cybersecurity?
💡 Cybersecurity is a term describing the concept of digital asset security. It is a set of measures that secure an information system from threats to data and information within the system while keeping them accessible.
📞 In other words, when saving the work report, we can't make it hard to access, as it will affect the workflow due to the negative approach to over-security. Cyberthreats can take various forms such as cyberattacks, data theft, data modification, etc.
Why is cybersecurity important?
🟠 There are many reasons why cybersecurity is one of the most important concepts nowadays.
🌍 First of all, most people and organizations store important information and data on their devices with access to the Internet at the moment. Such information may include bank details, personal photos and documents, as well as important work-related files. If unauthorized persons gain access to this information, they can compromise its confidentiality and security.
⌨️ Besides, a hacker attack on a computer system can cause damages or operation failure. This can reduce operation efficiency and cause time and money losses. It can also damage the reputation of an individual or organization under attack and lead to criminal penalties.
🛡 Cybersecurity comes into play to protect our computer systems and information from hacker attacks, viruses, and other malware, thus protecting the confidentiality, integrity, and accessibility of our information.
🔷 Cybersecurity plays an essential role for everyone nowadays, and blockchain technologies come to the aid in the realm of efficient and modern protection of systems from cyberthreats.
Why is cybersecurity important?
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Cybersecurity. Advantages of blockchain
Although blockchain technology is not very common in the field of cybersecurity nowadays, it still has some advantages over other systems.
Data protection and privacy. Blockchain creates an immutable and decentralized ledger, because every node in the network stores its copy. Such a ledger uses cryptography to complicate the creation of a fake copy of the ledger that all the nodes on the network would accept. This combination of distributed storage and ledger immutability makes it very difficult to tamper with the ledger by removing or modifying the data it contains.
Decentralized decision making. In a case where the system relies on a single node to make all decisions, an intruder can cause the system failure by disabling or corrupting that node. Due to the decentralization enabled by blockchain consensus algorithms, an intruder needs to disable or corrupt numerous nodes in the blockchain network in order to gain control over decision-making processes, which is almost impossible under current conditions.
Reliable consensus algorithms. The consensus algorithm plays an essential role in ensuring smooth operation of the entire blockchain, being the very heart of the decentralized network. Relictum Pro has developed a unique consensus algorithm including the introduction of innovative solutions in blockchain architecture, internetwork relationships, and data signing algorithms.
The Proof of Tsar consensus is unique, because the algorithm selects the node to process transactions (the “Tsar”) in such a way that this node does not even know it is the “Tsar”. This is why a decentralized system is inaccessible to both external and internal hacker attacks. Consequently, this eliminates the possibility of a 51% attack.
Distributed data processing and storage. In case of a cyberattack or other business disruption event, some nodes of the blockchain network may go down. Due to the distributed system of data processing and storage, the blockchain network can continue to operate much longer than the traditional centralized system and maintain full access to information.
Data authentication and integrity. A digital signature confirms that the data being signed originate from the owner of a particular private key and have not been tampered with since then. Anyone can verify the signature and the authenticity and integrity of the protected data if they know the public key associated with the private one.
Functions of smart contracts. Cybersecurity is a valuable function of smart contracts for many of the same reasons as the blockchain distributed storage. Such programs are more resilient due to the ability to run programs on a distributed and decentralized platform, because the failure of the program can be caused only by a failure of all the systems. Storing transactions in the publicly available immutable ledger enables auditing of those transactions as well.
Although blockchain technology is not very common in the field of cybersecurity nowadays, it still has some advantages over other systems.
Data protection and privacy. Blockchain creates an immutable and decentralized ledger, because every node in the network stores its copy. Such a ledger uses cryptography to complicate the creation of a fake copy of the ledger that all the nodes on the network would accept. This combination of distributed storage and ledger immutability makes it very difficult to tamper with the ledger by removing or modifying the data it contains.
Decentralized decision making. In a case where the system relies on a single node to make all decisions, an intruder can cause the system failure by disabling or corrupting that node. Due to the decentralization enabled by blockchain consensus algorithms, an intruder needs to disable or corrupt numerous nodes in the blockchain network in order to gain control over decision-making processes, which is almost impossible under current conditions.
Reliable consensus algorithms. The consensus algorithm plays an essential role in ensuring smooth operation of the entire blockchain, being the very heart of the decentralized network. Relictum Pro has developed a unique consensus algorithm including the introduction of innovative solutions in blockchain architecture, internetwork relationships, and data signing algorithms.
The Proof of Tsar consensus is unique, because the algorithm selects the node to process transactions (the “Tsar”) in such a way that this node does not even know it is the “Tsar”. This is why a decentralized system is inaccessible to both external and internal hacker attacks. Consequently, this eliminates the possibility of a 51% attack.
Distributed data processing and storage. In case of a cyberattack or other business disruption event, some nodes of the blockchain network may go down. Due to the distributed system of data processing and storage, the blockchain network can continue to operate much longer than the traditional centralized system and maintain full access to information.
Data authentication and integrity. A digital signature confirms that the data being signed originate from the owner of a particular private key and have not been tampered with since then. Anyone can verify the signature and the authenticity and integrity of the protected data if they know the public key associated with the private one.
Functions of smart contracts. Cybersecurity is a valuable function of smart contracts for many of the same reasons as the blockchain distributed storage. Such programs are more resilient due to the ability to run programs on a distributed and decentralized platform, because the failure of the program can be caused only by a failure of all the systems. Storing transactions in the publicly available immutable ledger enables auditing of those transactions as well.
wiki.relictum.pro
Solution. Proof of tsar
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Blockchain, a new approach to cybersecurity
🔐 Blockchain opens a way to a more efficient security feature that is less popular among cybercriminals and not so welcoming. This approach reduces vulnerabilities, ensures reliable encryption, and verifies ownership and data integrity more effectively. It can even obviate some passwords, which are called the weakest link in cybersecurity.
🔷 Relictum Pro uses the SHA1 M encryption algorithm, an upgraded SHA1. Its main advantage is the conversion from 20 bytes to 32 bytes (into its own hash) to ensure strong crypto resistance, in particular from a promising quantum computer.
📖 More details about the SHA1 M encryption algorithm can be found in the yellow paper.
👍 The use of a distributed ledger is the main advantage of blockchain. A decentralized infrastructure model reduces many of the risks related to the data with centralized storage by eliminating the most obvious vulnerabilities. The transactions are recorded in every node of the network, making it difficult for intruders to steal, compromise, or forge data.
⛔️ Another traditional drawback can be eliminated using the collaborative consensus algorithm of blockchain. It is able to track malicious activities, anomalies, and false alerts without the need for a central authority. One can deceive a pair of eyes, but not all of the pairs. This strengthens authentication and protects data transfer and records management.
🤬 Although blockchain contains many non-traditional functions, it uses one of the most important cybersecurity tools – encryption. The blockchain system can secure connected thermostats, smart doorbells, surveillance cameras, and other vulnerable edge devices through encryption and digital signatures.
👎 Besides, this technology can be used to protect against distributed DDoS attacks.
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Relictum Staking rewards
Dear community, please check your wallets!
🥳 GTN token stakeholder rewards have been paid out today.
🤑 Earn profit from from the amount, duration, and income of the network of tokens added in Relictum Staking.
📈 Estimate the staking income using the calculator.
🏖 Get rewards on the 1st and 15th day of each month with the Relictum Node app!
#reward
Dear community, please check your wallets!
🥳 GTN token stakeholder rewards have been paid out today.
🤑 Earn profit from from the amount, duration, and income of the network of tokens added in Relictum Staking.
📈 Estimate the staking income using the calculator.
🏖 Get rewards on the 1st and 15th day of each month with the Relictum Node app!
#reward
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Influence of blockchain on the financial industry
🌐 The financial industry is constantly evolving, and the emergence of blockchain technology influenced it a lot. What is blockchain and how has it revolutionized the world of finance? We will discuss it today.
🛡 Blockchain technology has revolutionized the way we think and use digital systems. Blockchain has a decentralized and distributed digital ledger at its core, which records transactions across multiple computers, making it nearly impossible to alter or hack.
🏪 The financial industry has been one of most sensitive sectors to blockchain technology: from banks and insurance companies to stock exchanges and crowdfunding platforms. Blockchain introduction can greatly improve efficiency, cut costs, and increase security.
⭐️ The ability to optimize and automate various processes is one of the main advantages of blockchain for the financial industry. For instance, smart contracts, which are self-executing contracts with the agreement terms written as lines of code, can facilitate the exchange of assets, property, or stocks without intermediaries. This can significantly save the time and costs associated with traditional negotiations on the contract or other type of agreement.
⌨️ Besides, the use of blockchain technology allows to improve the security and transparency of financial transactions. It is almost impossible to alter or fake data, because each block in the blockchain is protected by complex algorithms. This level of security is particularly important in the financial sector, where the stakes are high, and trust is essential.
🔅 However, the introduction of blockchain technology in the financial sector is still at an early stage, and there are many issues to be handled. They include regulatory issues, scalability, as well as the need to educate and train industry professionals.
🔆 In general, the impact of blockchain on the financial industry could be transformative, and it is likely that we will see increasingly more adoption of the technology in the coming years.
👉 Relictum Pro – touch the future today!
🏪 The financial industry has been one of most sensitive sectors to blockchain technology: from banks and insurance companies to stock exchanges and crowdfunding platforms. Blockchain introduction can greatly improve efficiency, cut costs, and increase security.
👉 Relictum Pro – touch the future today!
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Dear Relictum Pro Community,
📞 As you’ve noticed, the Relictum Pro application is not in the App Store search list, but there is nothing to worry about!
👍 The application is available for those you have it installed on their devices.
💬 For those who are going to install it to their devices, the Relictum Node application will become available in the nearest time.
✅️ Due to the additional checks of crypto applications by App Store, Relictum Node App might be unavailable for up to 48 hours.
Sincerely yours,
Relictum Pro Team
Sincerely yours,
Relictum Pro Team
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Web3 in 2023: what should we expect?
🧐 We have seen a surge in the development and adoption of Web3 technology over the past few years. What can we expect from Web3 in 2023? Let's see!
✈️ The decentralized web is expected to grow and develop further in 2023. Some exciting developments can be seen on the horizon, which will define the future of the decentralized web. Pay attention to the following issues:
💎 Continued development of the blockchain infrastructure
The underlying blockchain infrastructure must be reliable and scalable to let the decentralized network reach its potential in full. We can expect further development in such technologies as sharding and L2 solutions in 2023. They will help improve the performance and scalability of decentralized networks.
💎 Wider use of decentralized finance (DeFi)
DeFi is a sub-category of the decentralized network engaged in building blockchain-based financial apps. DeFi is expected to continue to grow and develop in 2023, with increasingly more people using decentralized financial apps.
💎 Preserving uncertainty in regulation
Although the decentralized web features numerous advantages, it is still a relatively new and largely unregulated concept. We will more likely see preserving uncertainty and debate about the best ways to regulate decentralized.
💡 Overall, the decentralized web could largely change the way we use the Internet. Although blockchain technology is in its infancy, we are confident in its further successful application to solving problems of any level: from everyday to state ones.
The underlying blockchain infrastructure must be reliable and scalable to let the decentralized network reach its potential in full. We can expect further development in such technologies as sharding and L2 solutions in 2023. They will help improve the performance and scalability of decentralized networks.
DeFi is a sub-category of the decentralized network engaged in building blockchain-based financial apps. DeFi is expected to continue to grow and develop in 2023, with increasingly more people using decentralized financial apps.
Although the decentralized web features numerous advantages, it is still a relatively new and largely unregulated concept. We will more likely see preserving uncertainty and debate about the best ways to regulate decentralized.
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The future of non-fungible tokens (NFTs): what should we expect in 2023?
NFTs have become popular recently thanks to their ability to represent and trade digital assets in a verifiable and immutable way.
As the NFT market continues to grow and develop, it is important to consider some potential developments that could change the situation in the near future.
There are several potential events that could define the NFT trend in 2023. They include:
👉 Read more
NFTs have become popular recently thanks to their ability to represent and trade digital assets in a verifiable and immutable way.
As the NFT market continues to grow and develop, it is important to consider some potential developments that could change the situation in the near future.
There are several potential events that could define the NFT trend in 2023. They include:
👉 Read more
Telegraph
The future of non-fungible tokens (NFTs): what should we expect in 2023?
NFTs have become popular recently thanks to their ability to represent and trade digital assets in a verifiable and immutable way. As the NFT market continues to grow and develop, it is important to consider some potential developments that could change the…
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Channel name was changed to «Relictum Pro || Official News ⚡️⚡️⚡️»
Relictum DEX. Why do we choose a decentralization path?
🤡 The most widespread and well-known way to trade assets from different blockchains is through the use of centralized exchanges. Their concept is simple: the user deposits assets from various blockchains on the CEX, waits until the assets are transferred to their CEX accounts, trades within the CEX and withdraws the assets to their wallet. This is the most popular currently existing method, which is known to a wide audience!
⏺ Despite its benefits, this trading method carries many risks. For instance, centralized exchanges can fail, and the recent failure of the FTX exchange proves this. Unfortunately, users of these exchanges lose their money, and not only individual traders, but also companies and businesses that held their liquidity there. They lose colossal amounts of money, which is why some projects shut down after the CEX bankruptcy.
Decentralized exchanges are an alternative to the CEX.
👍 Fortunately, the technology has reached a level where the DEX can compete with the CEX! Actually, a decentralized exchange can now be created, where you can exchange assets from various blockchains. Relictum DEX is exactly such an exchange!
🔷 The Relictum DEX decentralized exchange is one of the key products of the Relictum Ecosystem. Users can use it to trade with each other and exchange tokens within the Relictum Blockchain. Like other services of the project, the Relictum DEX is based on the modern blockchain technologies and has a number of advantages over similar projects:
⚡️ No regulation.
⚡️ Privacy.
⚡️ Reliability and security.
⚡️ Convenience.
⚡️ Professional tools.
Decentralized exchanges are an alternative to the CEX.
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Blockchain is an innovation technology with great prospects. Why?
🟡 Firstly, it ensures decentralization. This means that no one controls the network, and all the data are stored on multiple nodes. This makes the system incredibly reliable and secure, because if one node is down, the data still remains available on another node.
👀 Secondly, blockchain ensures transparency in data processing and economic transactions. All transactions are recorded in the blockchain and are available for viewing by all network members. This makes blockchain a perfect solution for tracing supply chains, product origin, and even addressing anti-corruption issues.
✅ In addition, blockchain can improve efficiency and reduce costs in various industries, from finance to commerce, because it is able to automate many processes and remove the need for third parties to verify and validate transactions.
👍 Finally, blockchain is an incredibly powerful technology with great prospects. It has great potential to solve various social and economic problems and is expected to widely use in various industries.
❤️ If you are interested in this technology and want to be aware of its development, then follow the news and know about its benefits with Relictum Pro.
❤️ If you are interested in this technology and want to be aware of its development, then follow the news and know about its benefits with Relictum Pro.
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It is not an easy task to ensure the security of digital assets.
🔝 Relictum Wallet has 100+ thousand users, and their number keeps growing. The mobile app contains everything for managing digital assets, including a key vault, secure sign in, and wallet for tokens and their exchange.
The question to ask is whether this is a safe choice.
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Stablecoins are better than classical settlement systems
📈 Stablecoins experienced impressive growth last year and could be a breakthrough payment method innovation in the future.
🔝 Stablecoins play a key role in digital markets, and their growth could boost innovations in the general economy. Sablecoins pegged to USD and circulating on public blockchains demonstrated explosive growth last year, and their total turnover surpassed such payment services as Visa and Mastercard.
Stablecoins have huge potential in the modern economy
🔘 Stablecoins currently make up about 16.5% of the total market capitalization, and the total value of all stablecoins is about $140 bln.
🟡 Web 3 – a possible transition from centralized web platforms and data centers to decentralized networks – is one of the examples of such innovation.
🔷 USDR is a stablecoin of Relictum Blockchain that plays an important role and is a core of the entire project ecosystem economy.
Benefits of using USDR:
⚡️ Predictable rate
⚡️ Complete transparency
⚡️ Modern blockchain technologies
⚡️ Easy conversion
⚡️ Security
You enjoy all the benefits of a decentralized economy in one app when using USDR.
Stablecoins have huge potential in the modern economy
Benefits of using USDR:
You enjoy all the benefits of a decentralized economy in one app when using USDR.
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Potential of the blockchain industry
📈 The blockchain industry is developing at an incredible pace. It is predicted to reach new heights by 2030. This technology offers a solution to lots of issues associated with data transparency, security, and audit, therefore attracting the attention of companies and organizations all over the world.
🔆 The blockchain application is far beyond the financial industry – it is used in various sectors like healthcare, telecommunications, law, and many others to enable businesses to improve efficiency and reduce risk.
🛡 There is also a growing interest in cryptocurrencies and stablecoins, which use the blockchain to make transactions secure and transparent. It also facilitates the blockchain industry development.
☯️ In the meantime, the development of AI and the Internet of Things expands opportunities for the blockchain use. They can be used to improve the auditing and analysis of data, which in turn improves the reliability and accuracy of decisions made on the basis of this data.
✔️ Overall, the blockchain industry is expected to grow significantly until 2030 and bring multiple positive changes to various industries. This will enable businesses to improve efficiency and reduce risks, thus improving their success and competitiveness.
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Dear Relictum Pro community,
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Dear Relictum Pro Community,
You are welcome to watch the video:
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YouTube
How to move Relictum Node to another device | Guide
Relictum Node is any device connected to the network with our blockchain application installed on it.
In this video you will find out how to use the app features correctly so as not to lose your assets:
⚡️ How to move a node to another device?
⚡️ How to…
In this video you will find out how to use the app features correctly so as not to lose your assets:
⚡️ How to move a node to another device?
⚡️ How to…
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Trillion-dollar blockchain opportunity
Leading economists found out that blockchain technology could increase global GDP by $1.76 trln over the next decade.
They looked into the existing case uses and evaluated the potential in various sectors from healthcare to retail.
It’s an opportunity for everyone
Most businesses are expected to start using the technology by 2025, and the economic benefits will be rapidly increasing after mass adoption.
Leading economists found out that blockchain technology could increase global GDP by $1.76 trln over the next decade.
They looked into the existing case uses and evaluated the potential in various sectors from healthcare to retail.
It’s an opportunity for everyone
Most businesses are expected to start using the technology by 2025, and the economic benefits will be rapidly increasing after mass adoption.
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Dear Relictum Pro community,
The Relictum Pro team is working on the TON and BNB Smart Chain implementation in the Relictum Node app. The staff of specialists and developers was expanded for this purpose.
This integration will allow to further interact with these blockchains and add their tokens to our apps.
USDT and BNB of the BEP-20 network will be added during the first phase.
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Blockchain. Advantages for business
As organizations plan their future, they are looking for ways to improve their performance. Blockchain solves this task perfectly.
One of the main advantages is the potential of blockchain to create, store, and share sensitive data online. For instance, personal records like birth certificates or driver's licenses can be created and viewed in mobile apps for instant and reliable identity verification.
Universities and other accredited organizations are able to create degree and qualification certificates, which graduates can submit to potential employers in one click. They can be instantly verified without the involvement of a third party. This saves time and money and improves efficiency, which can deter fraud.
The modern technology allows tracing the origin and history of anything, but blockchain ensures much better security than other technologies. For example, it can verify the origin of any goods from fresh produce to raw materials or even diamonds. As the goods change hands, records are added, checks and deliveries are registered, and payments are made automatically – all in a secure, auditable, and trustworthy way.
Blockchain optimizes processes by automatically consolidating records in the online mode. This puts an end to inefficient paperwork, reduces the associated risk of human error and oversight, as well as subsequent damage to reputation.
As organizations plan their future, they are looking for ways to improve their performance. Blockchain solves this task perfectly.
One of the main advantages is the potential of blockchain to create, store, and share sensitive data online. For instance, personal records like birth certificates or driver's licenses can be created and viewed in mobile apps for instant and reliable identity verification.
Universities and other accredited organizations are able to create degree and qualification certificates, which graduates can submit to potential employers in one click. They can be instantly verified without the involvement of a third party. This saves time and money and improves efficiency, which can deter fraud.
The modern technology allows tracing the origin and history of anything, but blockchain ensures much better security than other technologies. For example, it can verify the origin of any goods from fresh produce to raw materials or even diamonds. As the goods change hands, records are added, checks and deliveries are registered, and payments are made automatically – all in a secure, auditable, and trustworthy way.
Blockchain optimizes processes by automatically consolidating records in the online mode. This puts an end to inefficient paperwork, reduces the associated risk of human error and oversight, as well as subsequent damage to reputation.
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