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▶️ REMME is a very ambitious ICO project from Ukraine that intends to replace the outdated passwords with new security tech based on the Ethereum blockchain and their own Public Key Infrastructure protocol. Those users who don’t know much about how Internet security works may have a few questions concerning the innovations offered by the REMME team. There is a simple explanation of the complicated technology that will help you catch the main idea behind this really innovative decentralized platform.
🔹 What is the main REMME technology? 🔹
▶️ We are surrounded by the devices connected to the Internet – from our smartphones/PCs to fridges and cars. It seems that every device comes with the Wi-Fi connection. No wonder, the global Internet network is rapidly growing and evolving. Internet of Things, Big Data, handheld devices of all sizes are not a phenomenon anymore, they are the part of our everyday life.
▶️ The innovative Public Key Infrastructure (PKI) is basically the set of smaller protocols, certain set of rules and procedures to build and control the digital certificates via the encryption of public keys.
▶️ This protocol can make online banking systems and ecommerce order processing more secured and reliable for end users. This technology is much better than modern password protection because users don’t have to rely on their memory and instead can use the newly generated passwords each time they have to verify the account.
🔹 How can REMME improve security of your private date online? 🔹
▶️ One of the main problems applied by contemporary cybercriminals is that database of user passwords usually connected to the centralized server. And if this server is hacked, scammers can take the whole database and do whatever they want – steal user passwords to get an access to their banking accounts or sell this information to anyone.
▶️ REMME reduces the need of applying any CA (centralized authentication) servers where the database of user passwords is stored and can be easily stolen, as a result of cyberattacks. Instead, the REMME ecosystem can replace passwords with a new certificate registered on the user’s device by means of a unique SSL certificate inside the blockchain’s network. REMME may take down the risks of violating the operation of any servers.
🔹 Why does REMME platform need its own blockchain? 🔹
▶️ The REMME platform is applying an improved blockchain network with the distributed management of user-generated certificates. The system can’t fail due to the perfect technology in its basis.
▶️ This can be explained by the non-standard blockchain developed by the REMME team. This carefully developed blockchain is based on the Bitcoin anchor. It is one of the most reliable decentralized networks capable of providing high capacity and stable prices, as well as compliance to contemporary standards.
▶️ Back in 2015, REMME tried to build their product on Emercoin blockchain. But later the commission fees within this network turned out to be very high. And the team had to create and release a totally new product based on the Bitcoin network. In this network any transactions can be processed only after the certificate’s revocation. Also, the Bitcoin network offer more stable pricing for users.
▶️ REM tokens will be available for all user transaction executed in the project’s ecosystem. REM tokens can be also applied as digital key with an access to decentralized applications and PKI protocol.
▶️ REM holders will receive the system’s rights to generate new certificates and then cancel them. The transactions of REM tokens are free from commissions when converted to fiat money. Also, REM token holders can establish the masternodes and get other privileges. The own blockchain of REMME allows to give the different types of user rights.
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