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Binance to Host Week-Long Conference in Singapore to Promote Blockchain

  • Yuri Molchan
    📰 News

    The world’s first digital exchange by daily volume, Binance, plans to arrange a conference in Singapore to show the public the opportunities blockchain provides


Binance to Host Week-Long Conference in Singapore to Promote Blockchain
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The Binance Blockchain Week is to last four days in the first month of 2019: from the 19th until the 22nd of January. The venue is the Sands Expo & Convention Centre in Marina Bay Sands.

The crypto giant has spread word that around 2,000 participants will be there, travelling from all corners of the world.

What will happen during the Blockchain Week

The whole thing will be two big events that will last four days. The Blockchain Week will start with a hackathon that will go on for two days. This is also called the Binance SAFU Hackathon. Then the Binance Conference will occur.


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The press release says that both events will be visited by top regulators of the industry, major investors, businessmen, technology experts and scientists. They will discuss the state the DLT ecosystem is in presently and ways to stimulate the growth of the industry.

The conference will be attended by more than 70 speakers, among whom there will be leaders of the blockchain area. Among them are Justin Sun, the CEO of TRON; Eric van Miltenburg, a top figure at Ripple; Da Hongfei, the creator of NEO; Changpeng Zhao (CZ), the Binance creator and CEO, and many others.

CZ added that his company is delighted to conduct this important Blockchain-dedicated event in Singapore, the place that is currently a fintech hub of Asia. The Binance CEO expects to have fruitful discussions that will provide a lot to think about and new ideas on how the DLT and crypto spheres can be developed in the future.

One more purpose of the Conference

One of the specific goals of the Binance SAFU hackathon (SAFU standing for ‘secured assets for users’) is finding innovative methods of keeping crypto coins secure. On the panel of judges there will be reps of the Ethereum Foundation, PwC, Binance Labs and other major blockchain companies.

The main prize for the winner will be $100,000 in BNB provided by the Binance exchange. Registration for participants is open via the exchange starting on December 10.

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It Would Take Several Seconds to Hack Every Cryptocurrency in the Nearest Future


It Would Take Several Seconds to Hack Every Cryptocurrency in the Nearest Future
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Blockchain is commonly known as an immutable ledger that is impossible to hack, but there is always a looming threat of quantum computers. HCASH Chief Scientist Dr Joseph Liu, who claims that every single cryptocurrency can be hacked in a matter of seconds, has come up with his own coin that won’t be threatened by quantum hackers.

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The inevitable quantum takeover     

Quantum computers are generally considered to be the Achilles’ heel of Blockchain-based cryptocurrencies, including Bitcoin. IBM has already announced its first quantum computer with Google and Intel also working in that direction in 2019.


IOTA, which is powered by DAG dubbed ‘Tangle’, is considered to be the only quantum-proof cryptocurrency on the market, but there could be yet another option – Hypercash that recently presented its post-quantum secure Ring CT protocol.    

‘If you want to use this computer to break the … normal security, it’ll take maybe 500 years to break the system. If you use a quantum computer, maybe several seconds. Hcash is trying to provide security, even in the existence of this future computer,’ – he claims during a recent interview.

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A precursor to Monero     

The aforementioned quantum-resistance cryptocurrency is based on Liu’s research paper about a ‘linkable ring signature.’  Fun fact: that paper, which was published back in 2014, was used by the creators of Monero as the basis for the flagship privacy coin.

The Ring Confidential Transaction (RingCT) allows having an external verifier without exposing who that verifier is. Liu didn’t expect the coin to produce any significant impact, but now he is eager to improve the protocol of the billion dollar currency without getting any financial gains.

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High hopes for Blockchain

Despite his gloomy prediction about the quantum takeover, Liu is still certain that the future of Blockchain is bright. He is certain that there will be an increasing number of Blockchain-related jobs that will be coupled with growing academic interest in cryptography. There is will be many use cases of Blockchain technology in different spheres of our life.

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