Press Release
Achieve the secret transaction of digital currency, Red Capital builds PAP decentralized electronic cashier’s check system
How long did the openness and transparency of the blockchain become its own pain point? The blockchain technology that changes the world combines distributed ledgers, peer-to-peer networks, and consensus mechanisms. It has the characteristics of decentralization, anonymity, non-tamperability, and encrypted operations. However, the current mainstream blockchain adopts an open and transparent ledger. Anyone can query the total amount of funds and fund relevance of each address, which is extremely easy to be monitored, and there are programs on the market to monitor specific addresses and transactions, although the addresses have Anonymity, but most digital currency exchanges need to complete real-name verification, so as long as the digital currency enters a centralized exchange or wallet, there is a high probability that the private information of the digital asset owner can be found.
There are hundreds of billions of dollars of digital currency circulating in the market every day, and these transactions are recorded on an open and transparent blockchain ledger. Any user can find it on it, whether it is account balance, transaction records, and capital flow. under the sun. The application of digital currency is an inevitable trend. Imagine that you use digital currency to buy goods in the store in the future. When you pay to the store, the store will know how much money is in your wallet, where the money comes from, and where the money will go in the future. Although the characteristics of openness and transparency help regulatory agencies to conduct supervision, it is a big challenge for user privacy and security. As the number of users and the utilization rate of digital assets continue to increase, the demand for asset security, privacy and stability has formed a market. The pain point is that it needs to be reformed by new technology.
The current “hidden coins” are all built on their own blockchains, and their own digital currency transactions must be used to achieve the effect of concealment, which does not meet market needs. Such as DASH Dash, XMR Monero and ZEC, the market for these hidden coins is not very hot. Most users still use Bitcoin BTC, Ethereum ETH, TEDA USDT or issued based on ERC-20 specifications. Digital currency.
Red Capital and PAP Labs have developed a solution that can be applied to mainstream digital currencies and can achieve decentralization, security and concealment-the “decentralized electronic cashier’s check system”, which is expected to be in the hundreds of billions of dollars. The asset trading market occupies a place and contributes to the implementation of digital currency to solve the privacy and security pain points of future physical transactions.
The decentralized electronic cashier’s check system PAP SYSTEM , named after privacy and protection , is a set of decentralized “electronic cashier’s check protocol”, built on Ethereum In the smart contract, the code is completely open, and the “indefinite bearer electronic promissory note” that does not require a third-party trust basis, adopts the “zero-knowledge concise non-interactive knowledge argumentation” (zk-SNARK) and a mixed data structure, and at the same time guarantees the holding of the promissory note Some of the anonymity, privacy of message transmission, and privacy of data structure provide the most secure hidden transactions to ensure that the platform’s core data information is safe and correct. Even big data trackers cannot track transactions.
Using Zero Knowledge Proof Technology Zero Knowledge Proof Zero Knowledge Proof
is an encryption protocol that allows the prover to confirm the authenticity of the statement to the verifier without revealing any information about the proven message to the verifier. The simplified non-interactive proof of knowledge (zk-SNARK) algorithm in the zero-knowledge proof can be used to prove the declaration of private data, anonymous authentication, anonymous payment and outsourcing calculations, so in digital currency transactions, the availability of funds for user transactions can be checked , Without revealing the identity of the user and how much money is in his account to network participants, so it is very suitable for hiding the amount and flow of digital assets of the user.
If the mixed data structure
only uses zero-knowledge proof of zk-SNARK, it cannot achieve true on-chain concealment, because the data structure of the smart contract is public. If a single transaction is separately coded and recorded in the smart contract, then Just checking the field changes can connect the depositor and the proposer. The PAP system has joined the hybrid collection technology. Anyone who deposits into the contract to generate an electronic promissory note will be added to a growing data structure, and this structure is protected by encrypted calculations, and only the key of a certain promissory note is known. People who use zk-SNARK to send the encrypted key into the contract can verify that the key is indeed listed in the data structure. The entire process, including the key and the data structure, will not be completely encrypted, so there is no way to know After all, the key belongs to which depositor.
The PAP system supports mainstream Ethereum wallets (Metamask, imtoekn) and mainstream digital currencies (Ether, USDT, and ERC-20 digital currencies). Users deposit digital currencies into the PAP system, and a set of encrypted electronic currencies will be generated at this time. The promissory note, when you want to retrieve the digital currency, you can use the group of promissory notes to redeem it to any address in the PAP system. The process is fully encrypted and protected.
- Figure: PAP decentralized electronic cashier’s check logic
The PAP system collects a handling fee of 0.2% of the promissory note value as income for each service, and creates an exclusive token economy, issuing PAP Token secret coins, and when issuing electronic promissory notes, users can obtain PAP Token secret coins as rewards. PAP can be pledged. Based on the spirit of the sharing economy, the fee income will be proportionally distributed to all users who pledge PAP Token. In addition to the pledge, it can also be taken out at will. Users who hold PAP can participate in community governance, and can vote on related governance parameters, including but not limited to currency denominations, number of rights, handling fees, profit sharing ratio, or vote for new ERC-20 specification currencies to be listed.
Red Capital took the lead in supporting the PAP decentralized electronic cashier’s check system. It is the only company that opens up public participation and shares profits, solves the pain points of digital currency payment and creates a new era of digital currency transactions.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
DENVER — Recently, the globally renowned cryptocurrency trading platform UVKXE has published its latest anti-scam guide to address the escalating threats of online scams, establishing a comprehensive protective barrier for users worldwide. The guide focuses on various scamming tactics prevalent in the cryptocurrency sector, highlighting what users should be aware of during transactions and asset management, while also providing effective preventive measures.
Kevin Anderson, CEO of UVKXE, noted: “As the cryptocurrency market continues to expand, more cybercriminals are turning their attention to cryptocurrency users, developing sophisticated scam techniques. As a well-known platform in the cryptocurrency trading field, UVKXE has a responsibility to help users identify and mitigate these potential risks. Through the release of this anti-scam guide, we aim to further enhance user awareness and safeguard their digital asset security.”
The guide outlines the common characteristics of these scams, such as phishing emails that typically use UVKXE or similar official-sounding names, along with forged logos and links, to deceive users into providing their login credentials and sensitive information. It also advises users to always choose official channels when downloading applications to avoid malicious software. Furthermore, UVKXE emphasizes that the platform will never proactively request users to provide sensitive information such as passwords or verification codes in any form.
In addition to the anti-scam guide, UVKXE will launch a series of interactive activities, utilizing community forums and video tutorials to educate users about safety knowledge and help them recognize and respond to potential threats. The UVKXE security team stated that these activities will not only provide real-time updates on scams but also offer users opportunities for direct communication and inquiries.
The investment in technology and education is reflected not only in the publication of the anti-scam guide but also in daily operations and maintenance. Kevin Anderson concluded: “Every protective measure and security technology implemented by UVKXE is designed to ensure the safety of user assets. In the future, we will continue to advance this mission, providing users with safer and more convenient cryptocurrency trading services.”
Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co
Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
UVKXE Clarification Statement: A Legally Compliant Trading Platform with International Accreditation
DENVER — Recently, the Securities Commission Malaysia (SC) published a list on its official website of cryptocurrency trading platforms that have not met its local registration requirements, mentioning UVKXE. UVKXE takes this matter seriously and wishes to clarify its credentials and compliance status to its users.
Global Compliance Credentials of UVKXE
UVKXE is committed to operating under legal and compliant principles, upholding a user-first core value. The platform has obtained several certifications from international authoritative regulatory bodies, including but not limited to:
U.S. MSB License
UVKXE has obtained the MSB license issued by the U.S. FinCEN. This certification represents the highest recognition by the U.S. government for financial service institutions, ensuring that UVKXE can legally conduct cryptocurrency-related business.
U.S. SEC License
As one of the few cryptocurrency trading platforms registered with the U.S. Securities and Exchange Commission (SEC), UVKXE complies with securities and investment-related legal regulations, providing users with a safer and more transparent investment environment.
Background on the Malaysian Public List
The list published by the Securities Commission Malaysia mainly targets trading platforms that have not met local registration requirements, such as Binance and Bursa Malaysia, rather than denying the platform legality. UVKXE has obtained multiple authoritative licenses internationally, and its compliance is beyond doubt. UVKXE is in communication with relevant departments to understand local specific regulations and to advance the registration process, ensuring compliance with local market requirements.
Commitment to Legal Compliance and User-Centric Values
UVKXE will use this event as an opportunity to further enhance its global compliance framework, actively adapting to regulatory environments in various countries, and providing users with more professional and diversified financial services. We sincerely thank all users for their trust and support! UVKXE promises that no matter where it operates, the platform will always adhere to the core philosophy of “user-first”, moving together with global users towards a safer, more open, and transparent new era of the digital economy.
Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co
Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
UVKXE Strengthens Security Strategy, Leading Innovations in Anti-Scam Technology for Crypto Platforms
DENVER — Recently, the globally recognized cryptocurrency trading platform UVKXE officially announced the completion of its latest security system upgrade. This upgrade significantly enhances the cybersecurity defenses of the platform and introduces cutting-edge anti-scam technologies. Through this technological update, UVKXE demonstrates its commitment to user asset security and proactive measures against potential future cyber threats.
Kevin Anderson, CEO of UVKXE, stated: “User trust is the foundation of UVKXE, and ensuring the security of user assets is always our top priority. This security system upgrade incorporates AI deep learning, real-time risk control, and efficient anomaly detection algorithms, aiming to create a safe and trustworthy trading environment for users. We will continue to optimize the security measures for user assets, ensuring that every user can trade confidently on UVKXE.”
The focus of this security system upgrade is primarily on anti-scam technologies. In response to the ever-evolving online threats and scam tactics in recent years, UVKXE has strengthened its multi-layered protective mechanisms, effectively enhancing the security and responsiveness of the system. The upgrade introduces AI-driven anti-scam technology, which intelligently analyzes user behavior through deep learning algorithms, allowing for rapid identification and isolation of suspected scamming activities. The AI anti-scam system can monitor and analyze large volumes of trading data in real time, immediately freezing any suspicious transactions or account activities to safeguard user assets.
Kevin Anderson further explained: “Traditional anti-scam methods often rely on post-event analysis, whereas the new system of UVKXE can identify risks promptly before incidents occur, taking immediate action to prevent losses.”
In terms of anomaly detection, the system of UVKXE combines the transaction histories, asset conditions, login locations, and other multidimensional data of users to accurately pinpoint potential security vulnerabilities. Through anomaly detection technology, each user login and transaction can be monitored in real time, with timely alerts prompting users to confirm actions, further enhancing the security of the platform.
Kevin Anderson concluded: “We hope every user can enjoy a secure trading experience on UVKXE. By continually optimizing our security strategies, we aim to provide a safer and more convenient cryptocurrency trading experience for our users.”
Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co
Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
UVKXE Releases Anti-Scam Guide, Enhancing User Security Protections
UVKXE Clarification Statement: A Legally Compliant Trading Platform with International Accreditation
UVKXE Strengthens Security Strategy, Leading Innovations in Anti-Scam Technology for Crypto Platforms
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