“Layer-1 Blockchain is Not Secure,” says AME Chain Co-Founder
- Layer-1 blockchain will not be safe, says AME Chain Co- founder.
- AME Chain is a quick and safe decentralized digital asset ledger.
- Kamal says that quantum-secured blockchain is the best way ahead.
Something with the phrase quantum in it sounds intimidating — past the understanding of the frequent man. However Kamalakannan Venkataraman is not any frequent man. By the age of 32, he was already AME Chain Co-Founder. When he speaks to the CoinQuora group about his quantum-secured blockchain tasks, he’s articulate with laser-sharp focus.
AME Chain is a quick and safe decentralized digital asset ledger that’s EVM suitable with excessive efficiency and scalability. “Principally, AME Chain is the world’s first and solely quantum-secured blockchain. So we have now developed one thing distinctive when in comparison with different layer-1 blockchains.”
Kamal’s group, consisting of IIT-graduates and analysis students, spent over a yr learning quantum safety. He says that their efforts paid off in the long run. “And we’re about to launch our primary web,” says Kamal. “We’re already reside with the check web on the web site.”
“In the event you see the crypto market now, there may be round $200 billion of TVL locked within the current blockchain. And to be frank, this whole worth locked property, that are locked on the prevailing layer-1 blockchain — they aren’t secure and safe,” Kamal says. He tells us that the rationale for that is that all of them use pseudo random numbers in cryptography. AME Chain, alternatively, makes use of quantum random numbers. This makes AME Chain extra superior and safe than the opposite layers of blockchain, he says.
AME Chain is engaged on a number of tasks, and has just lately entered right into a strategic partnership with StackOS, the decentralized cloud protocol, and in addition with CR Sq., a DeFi platform. “We’re assured that in a short while, many builders can be utilizing our platform for good contract deployment, NFT minting, constructing metaverse and a lot extra. That is going to be the longer term,” the Indian entrepreneur provides as he wraps up the speak with CoinQuora.