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Tron CEO Justin Sun Offers Job to Former BitTorrent Employee Who Lost All His Life Savings After Death of QuadrigaCX CEO

  • Alex Morris
    📰 News

    Tong Zhou made a $422,000 mistake by deciding to keep all his life savings on one exchange, and Justin Sun is trying to help him out


Tron CEO Justin Sun Offers Job to Former BitTorrent Employee Who Lost All His Life Savings After Death of QuadrigaCX CEO
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Justin Sun, the CEO of Tron, is among those who are saddened by the current predicament of a former BitTorrent torrent employee Tong Zhou who turned out to be one of 115,000 clients of Quadriga CX. Now, Zhou once again gets the opportunity to join the BitTorrent team.

A $422,000 predicament

As Bloomberg reported on Dec. 11, Zhou, a software engineer who recently moved to Vancouver, deposited all his life savings ($422,000) to Quadriga CX to transfer them to a Canadian bank. However, since the death of the exchange’s CEO Gerald Cotten, nobody is able to access the funds. The exchange owes its customer more than 190 mln with Zhou among one of the largest affected clients.


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Justin Sun comes to the rescue

Sun claims that he’s saddened by the news, and he is willing to give a helping hand Zhou by offering him a job at BitTorrent. That move resonated with multiple Twitter users who are praising Sun.

However, there is one man who’s definitely not going back to BitTorrent. As U.Today reported earlier, ex-BitTorrent exec Simon Morris lashed out criticism at Tron and Justin Sun who, according to Morris, doesn’t have a technical bone.

Cover image via u.today
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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.

Cover image via www.123rf.com
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