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“Layer-1 Blockchain is Not Secure,” says AME Chain Co-Founder

Posted on by admin
05
Apr
  • Layer-1 blockchain is not secure, says AME Chain Co- founder.
  • AME Chain is a fast and secure decentralized digital asset ledger.
  • Kamal says that quantum-secured blockchain is the way forward.

Anything with the word quantum in it sounds intimidating — beyond the understanding of the common man. But Kamalakannan Venkataraman is no common man. By the age of 32, he was already AME Chain Co-Founder. When he speaks to the CoinQuora team about his quantum-secured blockchain projects, he is articulate with laser-sharp focus.

AME Chain is a fast and secure decentralized digital asset ledger that is EVM compatible with high performance and scalability. “Basically, AME Chain is the world’s first and only quantum-secured blockchain. So we have developed something unique when compared to other layer-1 blockchains.”

Kamal’s team, consisting of IIT-graduates and research scholars, spent over a year studying quantum security. He says that their efforts paid off in the end. “And we are about to launch our main net,” says Kamal. “We are already live with the test net on the website.”

“If you see the crypto market now, there is around $200 billion of TVL locked in the existing blockchain. And to be frank, this total value locked assets, which are locked on the existing layer-1 blockchain — they are not safe and secure,” Kamal says.  He tells us that the reason for this is that they all use pseudo random numbers in cryptography. AME Chain, on the other hand, uses quantum random numbers. This makes AME Chain more superior and secure than the other layers of blockchain, he says.

AME Chain is working on multiple projects, and has recently entered into a strategic partnership with StackOS, the decentralized cloud protocol, and also with CR Square, a DeFi platform. “We are confident that in a little while, many developers will be using our platform for smart contract deployment, NFT minting, building metaverse and so much more. This is going to be the future,” the Indian entrepreneur adds as he wraps up the talk with CoinQuora.

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