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Cryptech Global

By cryptechglobal

Whether we like it or not, nearly all of us depend on technology, the internet and digital transactions. This new era of digital currencies is here to stay and will continue to develop and evolve. This will create new business models and revenue streams for organisations, and unfortunately opportunities for cyber attackers to exploit.

You can’t avoid the hype surrounding cryptocurrencies in every form of media these days. Yet there is still doubt over the true value of these digital assets and the tech that lies behind them.
Is it that deep down we really do prefer the comfort of centralised banking and prefer to just conform? Or
are we too nervous to break free, stand up and embrace something new?

We don’t have that answer, but remember when were told the mobile phone will never catch on? We’re not sure that Steve Jobs would have agreed with that! Evangelists believe cryptocurrencies are here to disrupt finance and technology and nay-sayers don’t believe they are worth the hype.
One thing we do know is the value of cryptocurrency today. Our Cryptech calculator will keep you informed and up to date.

After we strip back the hype, gloss and excitement surrounding cryptocurrency we have to look at the entire journey from the fiat currency in your pocket through to the ability to store your digital assets securely and safely.

The algorithms and encryption process behind the transactional technology that we provide has been applied to the way in which we store, hold and migrate digital assets across our platform.

A blockchain is a digitised, decentralised public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in chronological order, it allows market participants to keep track of digital currency transactions without central recordkeeping. Each node (a computer connected to the network) gets a copy of the blockchain, which is downloaded automatically.

Cryptocurrency is far more than a fad, phase or currency for that matter, it is a significant change in the direction of human nature, it is the freedom of decentralisation. For that reason and that reason alone this market will continue to grow, expand and open up more opportunities than we can even begin to imagine.

Prior to this store cards were issued, typically for stores in the vicinity of the local bank for which the payment was secured. It’s funny how the legality of digital currencies are questioned today, yet the concept of using a valueless instrument to represent banking has been around for years!

So where does our heritage come in? Many companies of that era which are still around in some shape or form are often evolutions of the original company. The same can be said for what is known today as Cryptech Global. Our team have been involved in the development of magnetic strip technology, quite a breakthrough back in the early 60’s. Then came the era of one-time passcodes, radio-frequency identification (RFID) and contactless bracelets and wristbands.

It wasn’t long before fraudsters were as tech savvy as the technology companies and more secure solutions were required. The EMV computer chip solution saw a global move away from the magnetic strip and RFID systems. It’s primary benefit was ID verification and payment solution. It’s disadvantage was that it still relied on a physical card.

Today when we talk about payment transactions and we start to use words like trillion and quadrillion, it is no wonder that there is as much emphasis on speed as there is on security. Payment gateways and methods are constantly evolving, as are the fraudsters looking to access valuable data and information. This is where Crtyptech Global come in – our area of expertise is in payment gateway security. Our work is extremely confidential, has no brand or identity, yet we all benefit from the solutions that we provide.

Due to the nature of our business, the research and development team is one of the single most important elements of the company. In 2010 the R&D team started to look at something called Bitcoin – something we now hear about every day. It wasn’t Bitcoin itself that had our team so interested, it was the infrastructure of the public ledger known as ‘Blockchain’.

 

Whether we like it or not, nearly all of us depend on technology, the internet and digital transactions. This new era of digital currencies is here to stay and will continue to develop and evolve. This will create new business models and revenue streams for organisations, and unfortunately opportunities for cyber attackers to exploit.

You can’t avoid the hype surrounding cryptocurrencies in every form of media these days. Yet there is still doubt over the true value of these digital assets and the tech that lies behind them.
Is it that deep down we really do prefer the comfort of centralised banking and prefer to just conform? Or
are we too nervous to break free, stand up and embrace something new?

We don’t have that answer, but remember when were told the mobile phone will never catch on? We’re not sure that Steve Jobs would have agreed with that! Evangelists believe cryptocurrencies are here to disrupt finance and technology and nay-sayers don’t believe they are worth the hype.
One thing we do know is the value of cryptocurrency today. Our Cryptech calculator will keep you informed and up to date.

After we strip back the hype, gloss and excitement surrounding cryptocurrency we have to look at the entire journey from the fiat currency in your pocket through to the ability to store your digital assets securely and safely.

The algorithms and encryption process behind the transactional technology that we provide has been applied to the way in which we store, hold and migrate digital assets across our platform.

A blockchain is a digitised, decentralised public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in chronological order, it allows market participants to keep track of digital currency transactions without central recordkeeping. Each node (a computer connected to the network) gets a copy of the blockchain, which is downloaded automatically.

Cryptocurrency is far more than a fad, phase or currency for that matter, it is a significant change in the direction of human nature, it is the freedom of decentralisation. For that reason and that reason alone this market will continue to grow, expand and open up more opportunities than we can even begin to imagine.

Prior to this store cards were issued, typically for stores in the vicinity of the local bank for which the payment was secured. It’s funny how the legality of digital currencies are questioned today, yet the concept of using a valueless instrument to represent banking has been around for years!

So where does our heritage come in? Many companies of that era which are still around in some shape or form are often evolutions of the original company. The same can be said for what is known today as Cryptech Global. Our team have been involved in the development of magnetic strip technology, quite a breakthrough back in the early 60’s. Then came the era of one-time passcodes, radio-frequency identification (RFID) and contactless bracelets and wristbands.

It wasn’t long before fraudsters were as tech savvy as the technology companies and more secure solutions were required. The EMV computer chip solution saw a global move away from the magnetic strip and RFID systems. It’s primary benefit was ID verification and payment solution. It’s disadvantage was that it still relied on a physical card.

Today when we talk about payment transactions and we start to use words like trillion and quadrillion, it is no wonder that there is as much emphasis on speed as there is on security. Payment gateways and methods are constantly evolving, as are the fraudsters looking to access valuable data and information. This is where Crtyptech Global come in – our area of expertise is in payment gateway security. Our work is extremely confidential, has no brand or identity, yet we all benefit from the solutions that we provide.

Due to the nature of our business, the research and development team is one of the single most important elements of the company. In 2010 the R&D team started to look at something called Bitcoin – something we now hear about every day. It wasn’t Bitcoin itself that had our team so interested, it was the infrastructure of the public ledger known as ‘Blockchain’.

 

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Tags:
cryptoassets, cryptoassets, cryptocurrency, cryptocurrency, bitcoin, bitcoin, ethereum, ethereum, ripple, ripple, litecoin, litecoin, verge, verge, ico, ico, blockchain, blockchain, technology, technology, investment, investment, cryptonioc, cryptonioc, cynergy8, cynergy8, global, global, Asia, Asia, Europe, Europe, USA, USA, Xu Litao, Xu Litao, news, news, platform, platform,

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