Aurix is a new cryptocurrency that focuses on ease of use, and has a great user interface. Unfortunately, many people are concerned that it’s not secure enough, as it has not undergone a security audit yet, and the source code is not available for review. (This is a common problem for new cryptocurrencies, and one Aurix is trying to address.)
If you trade in cryptocurrencies, you’ve probably thought about what it would be like if your exchange was hacked. Although it’s not a common occurrence, it does happen, and if your information is stolen, you’re out of luck! There are a few things you can do to help protect your cryptocurrency against hacks, and we’ll go over them in this post.
According to the latest report, the global cryptocurrency market, valued at $792.53 million in 2019, will reach $590.62 million by 2026. On Monday, April 26, 2021, the value of the cryptocurrency market exceeded $2 trillion for the first time, spurred by a rally in Ether, the second-largest digital currency. Source: CNBC Analysts note that the growth and development of cryptocurrencies will continue as the underlying blockchain technology becomes more advanced. Companies provide innovative solutions to the challenges of global deployment. The Aurix crypto-currency exchange program was conceived by Majed Mohsen, a computer science enthusiast, who believes that the biggest obstacle to the adoption and development of a global crypto-currency market is its complexity. Aurix’s crypto-currency exchange program aims to demystify crypto-currency trading by introducing innovative, cutting-edge technology to make crypto-currency transactions as simple as possible.
Security of crypto-currency based transactions
In addition to high volatility, security is one of the main challenges hindering the adoption of cryptocurrencies on a global scale. According to research, hackers of cryptocurrencies accounted for about $1.1 billion in the first half of 2018. Trading cryptocurrencies on platforms with weak security architecture is like banking in an unsecured banking room. Some 12,000 dark web marketplaces offer cheap and extremely user-friendly tools for sale to hackers, who use them to continue stealing cryptocurrencies and leave their victims with stories of misery. A weak security architecture robs the cryptocurrency space of much-needed trust from customers and potential customers. There is an urgent need for a strong regulatory framework for the cryptocurrency space to realize its full potential, increase investor confidence and compete with bonds, equities, debentures and other forms of investment. Owners of cryptocurrency exchange platforms should be held accountable for cryptocurrency theft. You must take reasonable steps to protect customers from crypto currency theft. The global adoption of cryptocurrencies will only remain a pipe dream if hackers continue to hold the upper hand and continually steal billions in cryptocurrencies. The cryptocurrency industry, like all others, relies heavily on security for its prosperity.
The Aurix crypto currency exchange system is based on maintaining high security standards. Thanks to Aurix’s innovative decentralized blockchain, based on advanced blockchain technology, customers’ money is safe; payments are automatically processed even if the entire system fails during the cashback process. Following the example of the traditional banking system, the company believes that cashback will encourage the spread of cryptocurrencies around the world by guaranteeing customers that they will receive their money even if the system fails. In addition to the cashback, the Aurix blockchain, which powers the system’s crypto-currency exchange, ensures seamless payments and convenient shopping. Aurix will continue to devote limited resources to updating the system’s security architecture to prevent security breaches and the resulting loss of customer cryptographic assets. The goal is to increase customer confidence in the Aurix exchange platform and in cryptocurrencies in general. Aurix has a comprehensive, multi-layered security system that uses firewall protection to effectively protect against malware that could affect customer transactions and use of funds. Aurix’s customer service is first class – any issue is resolved immediately upon receipt of the message. Aurix’s ambitious vision to conquer the world of cryptocurrencies with breakthrough innovation begins with its sophisticated, tamper-proof security architecture.
The cryptocurrency industry is going through a difficult period; research and development of the technology behind it will continue to ensure massive adoption. The introduction of Aurix Chain protects customers from hackers installing malware on cryptocurrency exchange platforms to steal customers’ money. The analysis of Aurix’s security architecture shows that it is built in such a way that the customers do not suffer any loss even in case of system failure. The entire system was created using advanced, futuristic and proprietary blockchain technology.