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Re: stockvaper post# 18455

Sunday, 08/23/2020 2:31:37 PM

Sunday, August 23, 2020 2:31:37 PM

Post# of 35971
Deloitte mentions Ripple specifically as the company the best choice for main stream adoption over btc when it comes to crypto security standards!!!!!!!!!!

https://www2.deloitte.com/mt/en/pages/technology/articles/mt-article-cryptocurrency-security-standard-CCSS.html

It is now more widely expected that cryptocurrencies (“cryptos”) are here to stay and they will continue to evolve until they become the mainstream currency. Although the global shift to cryptos will not be happening anytime soon, the perspective is that it is only a matter of time WHEN and not IF. Until that day, there will be a lot of “shake out” before cryptos become mainstream.

One of the biggest challenges of cryptos is confidence. People and organisations are concerned about the authentication, authorisation and/or confidentiality limitations of cryptocurrency transactions. Such limitations are currently hindering the adoption rate of cryptos. By standardising the security techniques and methodologies used by crypto systems around the globe, end-users will be able to make educated decisions more easily about which products and services to use and with which companies they wish to align. On the other hand, many cryptos, like Bitcoin, are not governed by a central control point or “authority”; standardising on security will be a challenging process. Standard approaches to a secure environment will come from the cryptos that adopt permissioned-ledger mechanisms such as Ripple XRP. In permissioned-ledger environments, whilst read permissions may be public or restricted to an arbitrary extent, write permissions are kept centralised to one organisation. As such, standardising on security is more achievable.

Deloitte Touche Tohmatsu Limited /d?'l??t 'tu?? to?'m??tsu?/, commonly referred to as Deloitte, is a multinational professional services network.[6] Deloitte is one of the Big Four accounting organizations and the largest professional services network in the world by revenue and number of professionals, with headquarters in London, United Kingdom.


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