With homomorphic encryption, 5ireChain will overcome all threats

5ireChain is deployed with an encryption algorithm that will thwart existing threats in mainstream computing. As a blockchain ecosystem that will host a myriad of on-chain sensitive data, network security comes first. 5ire uses a homomorphic encryption scheme to secure data on its blockchain network.

With homomorphic encryption, 5ireChain will overcome all threats

Among other things, the integrity of a network relies on its ability to secure its perimeters and resist the threats of the day.

The security of data traveling over a network can be ensured by cryptography, a feature that only allows the recipient to decipher a message from a sender. This closed-loop functionality is widely deployed across different layers of security appliances in computer networks. Blockchain is no exception here, it uses cryptography to secure the gigantic pool of data running through it.

The most commonly used cryptography involves encrypting data with a secret key, after which the encoded message and secret key are sent to the recipient. While this is a considerable security measure, it still has its flaws. In the event that the message is intercepted en route to the receiver, the secret key and the coded message fall into the hands of the burglar.

As in the computer world, the race is endless, protocols are developed and abandoned just in time to get ahead of its flaws. Cryptography is known not to be much different. A new model of cryptography is here to change what we all know about encryption.

5ireChain is deployed with this new cryptography model, homomorphic encryption. In homomorphic encryption, encrypted messages are processed without being decrypted. This ensures that privacy is ensured as well as security.

The homomorphic encryption scheme ensures that the result of the computation on encrypted data results in a ciphertext that would be equivalent to the ciphertext of a plaintext obtained by performing the same computation on the unencrypted data. In other words, this encryption model hides a message from an observer without altering its meaning.

The ability to process a ciphertext of an encrypted message and get a result that will be the same as when processing plaintext reveals a relationship between data in its encrypted and decrypted form. A truly secure homomorphic encryption scheme not only performs a computation on an encrypted message, but also hides the relationship between the plaintext and the ciphertext.

In industries such as blockchain that salutes security without sacrificing privacy, homomorphic encryption will be the pioneer. 5ireChain is a sustainability-focused blockchain ecosystem with a vision aligned with the United Nations 2030 Agenda for Sustainable Development.

In an effort to secure its ecosystem and eclipse existing security threats, 5ire has adopted a more secure encryption protocol. 5ire believes he will drive the paradigm shift from for-profit to for-profit while leading the world through the 5th Industrial Revolution. With a new consensus protocol and the latest encryption model, 5ire is not only ready to stay true to its ambition, but also with the ability to achieve it.

Conclusion

Amidst all the uncertainty about the possibility of a perfectly secure network, what remains certain in the computer world, however, is that there is a threat nearby. 5ire eliminates all fear by staying one step ahead with state-of-the-art security models. With homomorphic encryption, hardware RoT and quantum resilient blockchain infrastructure, 5ireChain will withstand future threats in the computing world.

By providing on-chain security, 5ireChain will provide a safe haven for developers and creators in its ecosystem. More so, in the march towards sustainability, security can be an undermining factor if not properly taken care of. This is why 5ireChain, in pursuit of a sustainable future, cannot be less secure.

Media Contact
Company Name: 5ire
Contact person: Vilma Mattila
E-mail: Send an email
Country: UK
Website: https://5ire.org/

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