⛓️Super Masternode

The cryptocurrency exchange Bybit has called on the “brightest minds” in cybersecurity to help it recover $1.5bn (£1.2bn) stolen by hackers in what is thought to be the biggest single digital theft in history.

The Dubai-based crypto platform said an attacker gained control of a wallet of Ethereum, one of the most popular digital currencies after bitcoin, and transferred the contents to an unknown address.

Bybit immediately sought to reassure its customers that their cryptocurrency holdings were safe, while its chief executive said on social media that Bybit would refund all those affected, even if the hacked currency was not returned.

Marketing slogans and headlines that called the technology “unhackable” were dead wrong. While paypal manages 193 transactions per second and visa manages 1667 transactions per second, ethereum does only 20 transactions per second while bitcoin manages a whopping 7 transactions per second! The network will develop several Super Master nodes around the globe to keep the whole network up and running to bring more speed to the transactions. These Master nodes operate directly under the network administrations.

Reinforce Security | Enhanced Speed | Scalability