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

by Mike Robinson

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“Layer-1 Blockchain is Not Secure,” says AME Chain Co-Founder
  • Layer-1 Blockchain isn’t secure, says AME Chain Co founder.
  • AME Chain, a decentralized and fast digital asset chain is secure.
  • Kamal claims that quantum-secured cryptography is the best way to go.

Anything with the word quantum in it sounds intimidating — beyond the understanding of the common man. Kamalakannan Venkataraman however, isn’t a typical man. At 32 years of age, he had already been AME Chain’s Co-Founder. He speaks with the CoinQuora Team about his blockchain-secured projects and is clear-eyed.

AME Chain is a secure, fast decentralized digital asset chain that can be used to store assets. It is EVM compatible for 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. Kamal says their hard work paid off. “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. According to Kamal, this happens because they use all pseudo random numbers for cryptography. AME Chain uses quantum random numbers. This is what makes AME Chain safer and better than any other layer of blockchain.

AME Chain has been involved in multiple projects and recently formed a partnership with StackOS (the decentralized cloud protocol) and 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.

Continue reading on CoinQuora

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