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Evercrypt: The World’s First Hacker-Proof Cryptography?

Evercrypt: the world’s first hacker-proof cryptography?

Evercrypt: The World’s First Hacker-Proof Cryptography?

Evercrypt: the world’s first hacker-proof cryptography?

Many individuals and organizations have acknowledged the immense potential of blockchain technology, but that hasn’t changed the fact that the cryptocurrency sector still faces massive obstacles in terms of public perception, fraud, and security.

It appears as though researchers are at least attempting to tackle the security aspect, as they seem to have released a “hacker-proof” cryptographic code. Evercrypt was released several days ago on April 2, 2019.

The Code

The project is named “Evercrypt,” and researchers apparently have created code that is as immutable as mathematics.

Of course, it isn’t as if software created by programmers is expected to be hacked or exploited. Programmers work hard to ensure that their code works smoothly, only to often find that a “perfect storm” renders their software vulnerable. It is these situations that can lead to massive hacks and data breaches.

Karthik Bhargavan, a computer scientist who worked on the project, offered simply:

“We prove that our code can’t suffer these kinds of attacks.”

Formal Verification

Evercrypt is described as a “library of software” that involve simple arithmetic, including geometry and prime numbers.

Many companies have claimed to enhance security, but Everycrypt claims to be “provably secure” in the same way that a mathematical answer is provable and cannot be contested. In essence, it is “mathematically proven” to be more secure than the competition.

For those who are wondering how Evercrypt came to be; it is the result of an initiative led by none other than Microsoft Research. Many have pointed out the flaws of cryptographic libraries, because they are often slower to run and are often full of bugs, as well.

Many have pointed out that a solution such as Evercrypt might have an array of applications, and is in high demand concerning the software industry. Evercrypt reportedly offers guarantees that are not available currently, such as ensuring that software is free of certain errors that can lead to security flaws.

It should be noted that although Evercrypt claims to be immune to all known attacks, this does not mean that hackers and cybercriminals will not eventually develop a way to exploit Evercrypt in the future. It is obvious to see that protecting data and information in this manner might be extremely valuable, particularly to those who deal with sensitive intellectual property.

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Published at Sun, 07 Apr 2019 02:00:52 +0000

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Case in point is blockchain based FLUX, which announced its token sale on December 10, 2017, and set to end on December 31, 2017.  Earlier, the gaming ecosystem successfully closed its presale with over $2 million worth of investment in BTC, ETH, USD, and EUR to successfully gaining recognition as one of the most promising blockchain projects in the gaming industry. The success can be attributed to the implementation of a unique investment system called SICS (Special Investment Control System), which is a personal escrow plan for every person who invests $500 thousand. The plan is a key stepping stone to ensure that all funds collected during the ICO round are correctly applied in accordance with the initial agreement.

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The foundation of the FLUX ecosystem is based on introducing support platform which will allow players to compete in games from a list of available games, and earn opponent’s money after a successful win. With the use of smart contracts, the system will be capable of supporting a secure and transparent matchmaking process. Players can use BTC, ETH, LTC, EUR, or Visa/MasterCard payments etc to finance their gaming endeavors online. This will in turn guarantee the player descent earnings, given his/her gaming skills on a safe platform backed by a decentralized system. The platform will be available for Windows, MacOS, Linux, Windows Phone, iOS, and Android.

The 1st stage of the token sale is currently underway, while the 2nd stage will take place during the 1st quarter of 2018. The 1st stage started with a 25% bonus during the first hour, followed by 20% for the remaining part of the day. The bonus gradually reduced to 15% on the first week, 10% during the second week and 5% in the final week. The tokens will be available for purchase against payments in ETH (Ethereum), BTC (bitcoin), USDT, DASH, ETC, LTC, ZEC, VISA, MasterCard, USD, EUR, and SHAPESHIFT. Of the total amount raised, the FLUX team will control only 15% of the amount to give room for SICS plan holders.

More information about the platform and ongoing token sale is available at – http://flux.fund/

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