How to Mitigate Cryptocurrency Exchange Security Risks Using REMME

When we first conceived REMME as a passwordless authentication system, we knew its potential use cases would be wide-ranging. The REMME protocol was envisaged as a means of protecting critical infrastructure, and what could be more critical than safeguarding platforms in charge of billions of dollars in digital assets?Only this week Korea’s Bithumb exchange revealed it is sitting on cryptocurrency worth $6 billion, and sums of that magnitude call for the utmost security, for the sake of the platform and its customers alike. Instances of exchange hacks, while mercifully rare, can have catastrophic consequences, such as the $400 million in NEM stolen from Japan’s Coincheck exchange back in January. Statistics show that weak or compromised passwords are a primary cause of cyber breaches, and it is here that REMME comes into its own.Our team is happy to present a new research paper into the feasibility of using REMME to secure a major crypto exchange, and the document makes for interesting reading. You can view it in full here, but in this post we thought we’d go over some of its key findings. More Information about REMME CLICK HERE VISIT REMME WEBSITE via /r/icocrypto https://ift.tt/2KSPM09