In the era of big data, everyone is exposed to “zero privacy”. Many well-known companies around the world have been exposed to leaking a large number of user privacy data, including Yahoo, Uber, PayPal, US credit agency Equifax, and UK countries. The Medical Services System (NHS), etc., related leak data involves tens of millions to hundreds of millions of users. On March 17, 2018, the US "New York Times" exposed Facebook's unauthorized disclosure of 87 million user information, and Facebook's market value evaporated tens of billions of dollars in two days.
The leakage of user data exposed the data security ills under centralized services, and the protection of data security through distributed technology came into being.
In order to solve the privacy problem, the cryptography and top technical experts in the blockchain industry are making unremitting efforts to create many anonymous currency projects dedicated to privacy protection. The anonymous coins that have been published can be classified into four categories: the currency class, the ring tag class, the zero-knowledge certificate class, and the MimbleWimble system. The respective representative currencies are Dash, Monero, Zcash, and Beam.
Take Beam, a project developed by the MimbleWimble privacy protocol. For example, in the Beam network, new nodes join the network without synchronizing the entire transaction history. You can request synchronization to include only the compression history and block headers of the system state, thus achieving fast synchronization. The wallet has been completed. Base modules such as nodes and main networks.
In addition, Beam also has optional features for information transparency, users can decide what information they need to share and who to share. As Beam CEO Alexander Zaidelson declared: “(Personal privacy) as a basic human right, everyone has the sovereignty of their own information, this sovereignty applies to all aspects of life, especially financial transactions...from the largest institutions From investors to individual cryptocurrency holders, everyone should have the right to decide what to disclose and to whom.
Qtum is also committed to solving privacy issues with blockchain technology. As early as 2018, Qtum entered into a strategic partnership with Berkeley University, a world-renowned university, to study zero-knowledge proof. In the recent Qtum technology proposal, QIP-19 also proposed the concept of cryptographic assets, providing a more optimized solution to solve the data security problem of blockchain technology.
The above privacy technology eliminates the leakage of original data, fundamentally solves the problem of trust in data sharing and use, and has broad market prospects. Taking public affairs as an example, the government department stores private information of citizens and then uses privacy encryption technology to conduct hierarchical security inquiry of private data. In terms of payment security, more and more users will experience due to the characteristics of anonymity and security. Go to a brand-new payment experience.
The importance of privacy technology is self-evident. Based on the attention and research on privacy technology, Qtum will open a global online hackathon on June 19th to focus on privacy technology!
Qtum will join hands with the world's top blockchain privacy technology team BEAM to co-host the world's first blockchain privacy theme hackathon, where you will be given hands-on networking and networking opportunities with the world's top privacy technology development team. There is a super cash prize waiting for your collection, let us wait and see what privacy technologies will be innovated!
On June 19th, we will not see you.
Explore unbounded, Qtum peers!