>> BLOCKCHAIN : THE FUTURE OF CYBER-SECURITY | RSA Encryption OBSOLETE <<
Often times people ask me "what the hell is blockchain?"
"I mean I know the gist of it: it's a ledger for decentralized cryptocurrencies but why am I hearing this word so often? Why is every industry from banking to agriculture to defense integrating it?"
Short answer: #Blockchain = future of cyber-security. This "ledger" allows for things to be created, then stored & finally protected by being decentralized: meaning it is NOT owned by a board of directors or any single CEO/corporation but rather the collective individuals who have a vested interest in it; much like a union.
Blockchains are secure by design by displaying a peer-to-peer distribution of information that is completely transparent. Other industries, after taking a look at the blockchain model; came to the conclusion that this form of tech/cryptography would be ideally suitable for data collection/storage (including health & medical records) while providing transparency/privacy for individual every-day routines including processing transactions, food storage, voting machines, etc..
From 1977 up until now every major industry from banking, to agriculture, to military & many more have used RSA encryption which, to put it simply, is a really long math equation where two prime numbers multiply to form one massive subprime number that is almost impossible to crack. Even with computers; the subprime number in some cases (particularly the most wealthy/powerful corporations, i.e. Amazon or Bank of America/Chase) is so large that you literally haev a single number that's millions of characters long; a Stephen King novel worth of digits in one single #. Why? Engineers figure the more complex the subprime, the better the cybersecurity; creating an impossible to breach server/domain to protect their/your data.
While that's true and has worked for us up until now; the world is moving & transitioning toward blockahin as tech advances with some of our nation's best programmers/scientists/engineers creating what is known as a quantum processor (with cooling temperatures lower than outer space) that can essentially run an AI bot to basically guess & check infinite variations of equations that multiply two prime numbers until it obtains it's key #: the subprime.
This obviously cannot be done by a human being; even the most powerful/high speed servers and supercomputers in existance could enver find the equation without A) overheating or B) taking thousands of years.
However, the creation of the quantum processor has given skeptical cybersecurity experts & analysts a reason to doubt what they always "knew" (or rather thought) to be true: that RSA encryption is NOT the impenetrable force-field it's made out to be.
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Think of it like this: RSA encryption is a door with a billion locks; while blockchain is a billion doors with no locks.
Which would you rather use to protect not just your data, but your entire LIFE?
Thanks for the news, it was well informed and spot on. Keep the good work up and i have started following you. Great lets keep steemit up there. and with stuff like this great.
Thank you sir! :)
Its said one quantum computer is equal to all the computers on earth, so RSA encryption could be unlocked, luckily quantum's are not yet commercialized.
I rest my case. Thank you for proving my point. I had some sort of idea of how powerful/fast these things were; but I had no idea they were able to reach that capacity which is not surprising yet dumbfounding at the same time.
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@therealwolf 's created platform smartsteem scammed my post this morning (mothersday) that was supposed to be for an Abused Childrens Charity. Dude literally stole from abused children that don't have mothers ... on mothersday.
https://steemit.com/steemit/@prometheusrisen/beware-of-smartsteem-scam