Involved in the World of Crypto? Privacy is the Key
(Photo : Jozsef Hocza on Unsplash)

Back in time when the world was finding a digital or electronic payments solution, Satoshi Nakamoto came up with the 9-page Bitcoin white paper. The pseudonymous creator of the white paper had first introduced the potential blockchain technology at the time. It was then that the first digital currency, Bitcoin emerged as an innovative financial approach. And today, we can see that the system has gained mainstream attention globally. Since the beginning of this year, Bitcoin and other altcoins have seen tremendous growth. The market attracted many headlines due to the notable rise and fall, but while observing the performance, the industry has also seen the misuse of this potential system.

Privacy is one of the golden geese in the digital currency and blockchain ecosystem. The entire community praises the potential technology's ability to go under the radar. Blockchain's notable feature is its decentralized and confidential nature. But nature also attracts criminals making disturbing transactions, including ransomware and other dark activities. However, there are few crime stories that involve cryptocurrency and have raised eyebrows and imminent questions regarding the assets and their data privacy.

Digital assets can keep our data safe and protect their users' privacy. The same way criminals embrace these virtual coins to commit acts that we disapprove of. But it is significant to understand that the technology that helps protect the dark web users from being revealed can potentially make it harder for them to attack. Where legislation is lacking and lagging, the underlying technology behind crypto can overcome time and space limitations to provide solid protection.

Prosegur Crypto helps to get actual ownership

Where digital currency educates the internet regarding the level of security its users should demand from any online service, some platforms do understand its significance. In the crypto and blockchain ecosystem, there is one popular notion "Not your keys, Not your coins." Crypto assets exchanges don't provide us with access to our private keys. This means the platforms can do wherever with our assets, as private keys give us the actual ownership.

Following the concerns of several investors and traders regarding ownership, Prosegur Crypto brings the most secure cryptocurrency custodial solutions. With advanced services, the platform applies its highest security standards to the digital currency ecosystem. With about four decades-long experience, Prosegur pioneers in security solutions and businesses.

For the digital assets ecosystem, Prosegur has introduced CryptoBunker, which uses GK8, an Israeli high-security cryptocurrency custodian's patented solutions. Notably, GK8 claims to be one of the most secure platforms in the industry. Moreover, the custodian is so confident with its services that it set a $250,000 worth bounty for anyone who hacks their cold wallets.

The most notable benefit that Prosegur offers is that its cold wallet's keys are not connected to the internet. Notably, it is one of the only platforms of its kind that takes several safety precautions for its client's assets. Indeed, CryptoBunker has more than 100 layers of security, which makes its clients assured that they can sleep in peace knowing their cryptocurrency is safe. Also, one of the best security measures taken by the platform includes armed guards guarding their offline security. We can consider Prosegur as the world's safest place for crypto, following its bank-level physical security and online cold storage technology.

PARSIQ offers blockchain data monitoring service

PARSIQ is a blockchain-based ecosystem that offers decentralized data monitoring services. The solution helps track the wallet activity in order to mitigate losses from malicious activity. To grasp the data, the platform has introduced TRACKR, which allows monitoring proactive and retroactive data. The automated system for blockchain monitoring also connects the on-chain and off-chain mechanisms.

PARSIQ's core modules include proactive and retroactive monitoring. Notably, the proactive tracker is designed to send alerts if any unauthorized access attempts were noted for any crypto wallet. Users of the wallet can select a channel on which they want to receive alerts. Such channels include Telegram Messenger notifications. On the other hand, the Retroactive tracker demonstrates the transactions associated with funds withdrawn through hacks. And here, TRACKR monitors the activity across centralized and decentralized storage units and protocols.

In the current scenario, PARSIQ is one platform that supports multiple blockchain networks. Such blockchains include Bitcoin, Ethereum, Binance Smart Chain, Dash, Algorand, Celo, and more. Moreover, it is one of the first crypto-based platforms that were able to gain Amazon AWS Technology Partner status.

According to Tom Tirman, the chief executive officer of PARSIQ, its viable tools help both companies and individuals as it significantly increases the safety and stability of the blockchain ecosystem. Tirman further explained that security is a cornerstone of their firm's expertise. PARSIQ has consulted for institutions affected by security breaches and hacks across the digital ecosystem. Tirman also underscored that TRACKR combines its clients and users with security monitoring services in real-time. Indeed, the cryptosphere has never seen such solutions at such a scale.

As crypto-native platforms are concerned, the monitoring solution can be leveraged to gain deeper insights into blockchain data. Such solutions will also help implement trading and arbitrage strategies. Furthermore, to protect businesses and users in the crypto industry, PARSIQ has also introduced its anti-money laundering (AML) solutions.

Blockchain brings trust and transparency

Unsurprisingly, the blockchain is too popular among pro-privacy campaigners and activists. Privacy-preserving solutions are increasing at a rapid rate globally. Hence, projects like Prosegur Crypto and PARSIQ, and some others are helping enhance users' anonymity, confidentiality, and safety.

These solutions, as mentioned earlier, protecting the privacy and security of users shows the success of blockchain technology. The potential technology has the solution to tackle opaque practices of centralized authorities. Moreover, the technology also sets the stage for trust and transparency, which helps empower the users to regain financial independence. That it makes possible while limiting avenues for power brokers to unduly exercising the authority.

On the other hand, these platforms seem significant for the industry to make the digital ecosystem safer than ever. The entry of giants that focuses on safeguarding digital currency could brandish the entire ecosystem. In this world where the user's data is being sold for billions of dollars, people should understand the value of their information and should know how to protect it.

Furthermore, many are concerned that exchanges don't give access to private keys to their users. Although the exchanges can do whatever with our hard-earned assets, there are few solutions that assure us to sleep peacefully, knowing our assets are safe with them. These platforms do not compromise the safety and security of our owned digital currencies.

Privacy has to play a critical role in this era of the internet and Web3.0. All upcoming business models are dependent on their ability to collect enriched data. Hence, some concerned privacy firms have a truly vital role to play in the industry.

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