How Does Relictum Pro Biometric Facial Recognition System Work?

Relictum Pro
4 min readNov 29, 2019

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When the first cryptocurrency, Bitcoin, was launched by Satoshi Nakamoto, the distributed ledger technology investors and blockchain technology developers were highly optimistic. Introduction to new ways of countering distrust from intermediaries and centralized authorities was the major attraction of this technology. The designs were sophisticated, decentralized, securely encrypted, and the transactions were irreversible. All these features were expected to make the system unbreakable or unhackable. However, what they didn’t expect was the pace with which the high tech criminals would be able to catch up with the technological developments. The system became vulnerable and provided a safe haven for the hackers who were quickly able to crack the code and transfer money without leaving a trace.

We have to understand that the smarter we get, the more intelligent criminals will get by trying their best to exploit the traditional security measures and rob your money. Willie Sutton, a celebrated American robber, when asked why he robs banks. He answered, “People don’t keep a lot of money on them, but banks do” which was quick and witty. A smart answer made it clear that your money isn’t safe with a platform that doesn’t have technologically advanced security measures. There have been multiple cases where cryptocurrency exchanges with improper security measures were robbed of millions of dollars’ worth of crypto coins. These exchanges provide wallets for the storage of cryptocurrencies, these become an easy target owing to their inadequate security measures.

Cryptocurrency wallets are of various types, and their security levels are dependent on the type of wallet being used and on the service provider. Online platforms are considered to be riskier than offline wallets owing to their network connectivity and environmental dependence. Although online wallets are vulnerable, it doesn’t mean that offline wallets are entirely safe, in a scenario where you lose your private key, and someone gets hold of it. It is effortless for them to get into your wallet and move all your money, and there is no way you can get it back since the transactions are irreversible.

However, multiple issues popped up when trying to fix the security channels for storing a cryptocurrency on different platforms. If it was keeping the wallets offline, then there was the issue of secure storage and key management. Online exchanges had a consistent problem inability to provide proper security measures for the storage of coins. Keeping these problems in mind, 2-factor authentication process was adopted into blockchain technology. This method was dependent on 1 out of three options, something that you are aware of, such as a PIN or a password; something that you could receive such as a one-time password sent to you on your email or a biometric scan such as a fingerprint or retina scan, etc.

Relictum Pro wanted to make these second-level solutions much secure and user-friendly as well, ensuring trust-building and time-saving opportunities. Hence, they successfully built biometric facial recognition, an important step to access into your account using the advanced features of blockchain 5.0. Relictum Pro made a successful model that used a person’s hash in conjunction with SecureCall — the phone call confirmation for a successful transaction, and during that transaction, the users have to enter a password using a DTMF signal.

Since after one successful transaction, the substantiality of the private key is lost, and the client is obliged to generate a new key, or the process could be automated for the ease of access. Then, the public hash from the sequenced hash is recorded on the smart contract chain in binary form. The use of 2 keys with sequenced check one after the other will create a dilemma for the hacker who will need to find the 2nd hash key even if he cracks the first hash.

This upgrade in the security will not only ensure that the users get verification before making a transaction but will also provide enhanced security against the high tech criminals who easily find loopholes to pull out money from a secured system. It goes without saying that the security of your assets is in your own hands, and if your exchange doesn’t provide you with such a feature, then it is time for you to change your blockchain technology platform and upgrade to blockchain 5.0. Also, you can keep your eyes on Relictum ICO and its product Relict Coin to enjoy an early investor advantage.

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Relictum Pro
Relictum Pro

Written by Relictum Pro

Relictum Pro is a blockchain of the latest generation. #Blockchain 5.0

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