Privatixy Protocol and Cardano – Two Blockchain Protocols Leveraging Web3 Technology To Provide Enhanced Security

A famous quote by Jodi Rell says, "at the end of the day, the goals are simple: security and safety." These words have proved true even in the crypto industry, everyone wants security, but it's a pity that wherever we turn, there are always people wanting to rob us of our hard-earned funds.

They can either do it directly by hacking our wallets or our accounts or indirectly through fake projects and rug pulls. Let's consider a survey to emphasise the issue of insecurity on the web. A study on data breaches in 2019 was conducted by Risk Based Security, a platform that provides information on vulnerability intelligence.

It shows that email passwords and addresses are the most leaked data. It also reported that only eight significant data breaches accounted for 78. With this statistic, it's evident that cyber threat is imminent for influential organisations that manage a plethora of data.

Thanks to web3, a third generation of the web, all these problems will soon be a thing of the past due to enhanced security, privacy, scalability, and total decentralisation. More cryptocurrency projects are now leveraging the functions of the web3 to make the crypto sphere more secure. We will talk about two out of those platforms: Privatixy Protocol and Cardano (ADA).

Cardano Providing Security With Ouroboros Protocol

Cardano (ADA) launched ouroboros, a proof of stake protocol and the first blockchain protocol based on advanced review research. It combines cutting-edge technology with mathematically verified mechanisms to enhance security and sustainability.

Ouroboros became a reliable protocol with guaranteed security, able to host worldwide, permissionless networks requiring minimal energy, and Cardano was the first network it hosted. Ouroboros not only provides security for any blockchain it hosts but also provides avenues for the growth of the blockchain. With ouroboros, malicious attackers will find it tough to steal information, let alone steal customers' funds, because it's rigorously designed to protect any blockchain hosted on it.

Privatixy Protocol Ensuring Security With Cutting Edge Technology

The Privatixy Protocol is a project designed to make the crypto sphere more private, secure, and scalable. It is an open-sourced decentralised platform that allows for an exponential increase in possible applications and protocol dissemination.

It uses ingenious zero-knowledge-proof operating modules to guarantee the platform's security, privacy, simplicity, and scalability. This feature can not be overemphasised because an open sourced system is transparent, allowing room for growth.

Unlike the ouroboros launched as a different part of Cardano, Privatixy Protocol has security and scalability as one of its core concepts. Blockchain security is another layer the platform carries out. As we all know, blockchains function as decentralised distributed ledger networks.

Therefore it's very difficult to breach, but despite this rigidity, we have heard and seen blockchains that have been breached and proved disastrous. As for the Privatixy Protocol, they carry out several risk assessments to mitigate breaches in blockchain security and ensure the platform's safety.

In addition, it put in place cyber security frameworks, security testing methodologies, and secure coding practices to guarantee the platform's security. Finally, the Privatixy Protocol carries out systematic audits of the systems to avoid data leaks and keep the protocol up to date with modern technologies and malicious attacks.

Conclusion

Thanks to web3 and advancements in modern technology, more crypto projects can now leverage technology on web3 to create an environment with state-of-the-art security. Privatixy (PXP) is a crypto project that is taking the lead in that regard. With the Privatixy Protocol, the security of the funds of their customers.

During the presale, users who register on the platform and purchase within 10 minutes get an extra 60% bonus of PXP tokens. There is also a $40 referral reward for individuals who refer and are referred to the platform.