Exchange Partners With University of Luxembourg to Improve Crypto Asset Security

A new partnership between Luxembourg-based VNX Exchange and the University of Luxembourg aims to improve the security of digital assets, business news outlet Luxembourg Times reported Nov. 23.

VNX is a marketplace and trading platform for tokenized venture capital founded in 2017. VNX is a member of fintech incubator the Luxembourg House of Financial Technology (LHoFT), Infrachain and APSI (L’Association des Professionnels de la Société de l’Information).

Within the collaboration, the University of Luxembourg will purportedly help VNX develop higher levels of network security for digital assets. The researchers at the University’s Interdisciplinary Centre for Security, Reliability and Trust (SnT) will reportedly design new IT frameworks to improve exchange security, as well as custody of crypto assets.

Dr. Radu State, an expert in network security at SnT, said that several issues must be addressed for heterogeneous systems that issue tokens on a blockchain. State reportedly noted that security at “the software layer” must ensure that the contracts that control individual transactions do not contain any vulnerabilities.

VNX founder and CEO Alexander Tkachenko reportedly said that the exchange’s development will require regulatory clarity, investor protection, and compatibility with current market standards, adding:

“In creating a secure and regulatory compliant marketplace for the transparent trading of tokens representing digital assets we aimed to introduce modern security mechanisms that could totally secure our platform and could impact the global cybersecurity market.”

Tkachenko also said he believes that “blockchain technology is the next big step in the financial sector’s evolution.”

In October, Luxembourg-registered crypto exchange Bitstamp — Europe’s first fully legal crypto exchange — was acquired by Belgium-based investment firm NXMH, which in turn, is owned by South Korean media conglomerate NXC Corp.

The exchange’s CEO noted that while trading volumes declined 60–70 percent this year, the platform has remained profitable due to the fact that cryptocurrency prices are higher on average than they were for most of 2017.

In June, a study conducted by research company Ipsos on behalf of Dutch ING Bank B.V. revealed that the lowest (4 percent) rate of people owning cryptocurrency is in Luxembourg. Respondents from Spain, France, and Luxembourg preferred to rely on financial or bank advisors.

Author: Cointelegraph By Ana Alexandre

Source link

Related posts

27 Thoughts to “Exchange Partners With University of Luxembourg to Improve Crypto Asset Security”

  1. how to download minecraft

    My coder is trying to convince me to move to .net from PHP.
    I have always disliked the idea because of the expenses. But he’s tryiong none
    the less. I’ve been using WordPress on various websites for about a year and am nervous about switching to another
    platform. I have heard great things about
    Is there a way I can transfer all my wordpress
    content into it? Any kind of help would be really

  2. g

    Very good blog you have here but I was wanting to know if you knew of any forums that
    cover the same topics talked about here? I’d really like to be a
    part of community where I can get opinions from
    other knowledgeable individuals that share the same interest.

    If you have any suggestions, please let me know. Cheers!

  3. minecraft pc download

    I’m amazed, I must say. Rarely do I come across a blog that’s equally educative and interesting, and let me
    tell you, you have hit the nail on the head. The issue is something which
    too few men and women are speaking intelligently about.
    I am very happy that I found this during my search for something
    concerning this.


    You actually make it seem so easy with your presentation but I find this topic to be actually something that I think I would never understand.
    It seems too complex and extremely broad for me. I am looking forward for your next post,
    I’ll try to get the hang of it!


    I am really inspired with your writing abilities and also with the layout for
    your weblog. Is this a paid subject or did you customize it your self?
    Anyway keep up the nice quality writing, it is uncommon to look a nice blog like this one these


    I like this website very much, Its a real nice position to read and receive info.


    I actually still can not quite feel that I could become
    one of those reading through the important suggestions found on your blog.
    My family and I are seriously thankful on your generosity and
    for presenting me the advantage to pursue my own chosen career path.
    Appreciate your sharing the important information I got from your web


    Amazing blog! Is your theme custom made or did you download it from somewhere?
    A theme like yours with a few simple adjustements would really make my blog
    jump out. Please let me know where you got your theme.
    Appreciate it


    I haven’t checked in here for a while as I thought it was getting boring, but the last few posts are great quality
    so I guess I’ll add you back to my everyday bloglist.
    You deserve it friend 🙂


    Keep functioning ,fantastic job!


    Hi there, just became aware of your blog through
    Google, and found that it’s really informative.
    I’m gonna watch out for brussels. I will be grateful if you
    continue this in future. Many people will be benefited from your writing.


    I think this website contains some real superb info for everyone :D.


    Some genuinely excellent information, Glad I discovered this.


    Loving the info on this web site, you have done
    outstanding job on the posts.


    Hi there i am kavin, its my first occasion to commenting
    anyplace, when i read this article i thought i could also create comment due to this sensible piece of writing.


    Saved as a favorite, I really like your web site!


    I dugg some of you post as I cogitated they were very useful invaluable.

  18. past lives quiz

    This page seems like the other page here I was seeing

  19. Slim36 Review

    Hi it’s me, I am also visiting this web page regularly, this web page is genuinely good and the visitors
    are in fact sharing good thoughts.


    Link exchange is nothing else however it is simply placing the other person’s web site link on your page at suitable place and other person will also
    do similar in support of you.


    Greetings! This is my first visit to your blog! We are a team of volunteers and starting
    a new project in a community in the same niche.
    Your blog provided us valuable information to work
    on. You have done a extraordinary job!

  22. wordpress site

    Aw, this was a very nice post. Spending some time and actual effort to make a really good article… but what can I say… I procrastinate a lot and don’t manage to get anything done.

  23. Fredericka

    What’s up everyone, it’s my first ppay a visit att this web
    site, and article is actually fruitful iin favorr of me,
    keep up posting these articles or reviews.

  24. Rezola Growth Review

    Thanks for ones marvelous posting! I actually enjoyed reading it, you might be a great author.
    I will always bookmark your blog and will eventually
    come back someday. I want to encourage you to continue your great writing,
    have a nice day!

  25. Test Max Testosterone Booster

    I truly value your piece of work, Great post.

  26. Maxo Performance Male Enhancement

    Howdy! I’m at work browsing your blog from my new iphone!
    Just wanted to say I love reading your blog and look forward to
    all your posts! Keep up the great work!

  27. Tam Farkus

    Awesome article.|

Leave a Comment