• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Breaking News: Breaking: DOJ Takes Down Mt. Gox Hackers For Multi-Million Dollar Crypto Theft
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: DOJ Takes Down Mt. Gox Hackers For Multi-Million Dollar Crypto Theft
Hard Nut to Crack for a Quantum Computer: IDM Presents a Platform for Ultra-Secure Storage

Hard Nut to Crack for a Quantum Computer: IDM Presents a Platform for Ultra-Secure Storage

Bitcoinist by Bitcoinist
5 years ago
in Press releases
0

Ideal Data Memory (IDM) releases a decentralized platform for ultra-secure data storage based on the SIZE algorithm. Data in the IDM repository is encrypted on the sender’s device, cannot be opened, lost, or stolen by hackers.


Zug, Switzerland, July 13, 2018. IDM presents a decentralized platform for super-secure data storage based on the SIZE algorithm. The project positions itself as the safest way in the world for professional and personal data storage and transfer. Data storage with such level of protection was previously unavailable to a wide range of users, the SIZE file storage system is invulnerable to hackers and allows restoring damaged files with loss of up to 98% of the stored data.

This level of reliability is ensured by storing encrypted user data in the form of distributed random packets on the devices of the miners who lease free memory and receive a steady income in IDM tokens. The patented SIZE algorithm uses an absolute encryption and has a post-quantum protection level. The technology works without DNS-servers, which makes it resistant to all kinds of encroachments and serving as an alternative to end-to-end encryption. Thus, the only one who can disclose the protected information is the one who has protected it or the one to whom the specific algorithm used for protection has been transferred.

The project’s CEO, Iskender Syrgabekov, said:

The IDM platform will become the answer to all the challenges faced by the cloud storage technology. Ordinary users will have an access to the information storage that surpasses any state standards in reliability, and miners from anywhere in the world will be able to monetize the excess memory resources of any devices that have an access to the network. SIZE is the first and only algorithm with integrated protection, security and data management functions. This secure personal information storage was previously inaccessible to ordinary people. The platform excludes the receipt of data by governments, intelligence agencies, service providers, and hackers, while it provides a legal guarantee of data security with a maximum worth of $ 25,000.

Successful testing of the technology was carried out at the Cavendish Laboratory of the University of Cambridge in the UK. In 2014, the file sharing system, protected by the SIZE algorithm, was introduced to the global hacker community at Hack in Paris. That time the participants were offered guaranteed compensation in case of successful hacking, but no one managed to do it. Also in March 2018, the technology was successfully tested at the European Cybersecurity Laboratory.

The primary distribution of IDM tokens began on June 4, 2018,  and will last 4 months with 4 bonus periods: 20% will be given in the first two weeks, 15% – in the second, 10% – in the third and 5% – until the end of ICO. Investment bonuses range from 3 to 7%, depending on the amount starting at $ 10,000. The minimum amount of participation in the distribution of tokens is set at 0.1ETH. The preliminary price of the token is 0.001 ETH and can be adjusted depending on the rate of the cryptocurrency. The softcap and hardcap threshold levels are set by the project at $ 3,000,000 and $ 27,000,000, respectively. According to Whitepaper, 30% of the funds raised will be spent directly on the product launch, 55% – on marketing and promotion, and 10% – on operating expenses.

Learn more about the IDM platform and become part of the community:

Telegram
Twitter
Facebook
Reddit
Bitcointalk
Medium
Instagram
Linkedin
Steemit


Images courtesy of Ideal Data Memory

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

Best Altcoins To Buy Today June 10th

Best Altcoins To Buy Today June 10th

3 hours ago
Open AI’s CEO Raises 100M for its Crypto Project Worldcoin and InQubeta Presale Breaks Records After its Successful Launch

Open AI’s CEO Raises 100M for its Crypto Project Worldcoin and InQubeta Presale Breaks Records After its Successful Launch

5 hours ago
Dogecoin (DOGE) Price Prediction: Cardano (ADA) Trying To Make A Recovery While Uwerx (WERX) Remains In The Spotlight

Dogecoin (DOGE) Price Prediction: Cardano (ADA) Trying To Make A Recovery While Uwerx (WERX) Remains In The Spotlight

10 hours ago
What Does Recent Coinbase Lawsuit Mean For Ethereum and Avorak AI?

What Does Recent Coinbase Lawsuit Mean For Ethereum and Avorak AI?

10 hours ago
As PEPE Continues to Fall, Smart Investors Are Putting Money into DigiToads

As PEPE Continues to Fall, Smart Investors Are Putting Money into DigiToads

11 hours ago
Pepecoin News Alert: $PEPE Fell 30% in the last 7 Days, Investors Escaping To This Rival Token For Safety

Pepecoin News Alert: $PEPE Fell 30% in the last 7 Days, Investors Escaping To This Rival Token For Safety

11 hours ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Now Trending

  • Whale Power Unleashed: Mooky Emerges as the Rival Meme Coin...

    1 week ago
  • Exploring the Meteoric Rise of Mooky: Could It Be the Next...

    1 week ago
  • Discover the Next Big Thing: Mooky.io Presale Boasting Fair...

    1 week ago

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
K8
K8

Press Releases

  • Best Altcoins To Buy Today June 10th

    3 hours ago
  • Open AI’s CEO Raises 100M for its Crypto Project...

    5 hours ago
  • Dogecoin (DOGE) Price Prediction: Cardano (ADA) Trying To...

    10 hours ago
  • What Does Recent Coinbase Lawsuit Mean For Ethereum and...

    10 hours ago
  • As PEPE Continues to Fall, Smart Investors Are Putting...

    11 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.