Technology

Technology

Distributed Autonomous Systems (DAS) like Barteos are considered as public domain software for common usage by the people. It is in essence, the historic invention, now called “The Internet of Money”. 

Money that is “controlled by no-one but everyone should own some“.

 

Barteos is leveraging the best of Distributed Ledger technologies (De-Centralised) using secure cryptographic systems and giving us a rock-solid secure-platform that is virtually un-hackable, with added real privacy protections.

 

It is permissionless to open your account and to start trading. The DAS network is a fail-safe redundant network of computers, communicating autonomously with one another and sharing a copy of the same financial data sets. When one computer updates the ledger it shares the information to the other network of computers and creates a fail-safe redundancy network working autonomously.

 

Barteos operates in the cloud and runs without any human involvement under the control of an incorruptible set of business rules. That’s why it must be distributed and autonomous, and that is why we do not need to pay heavy infrastructure costs that are found in traditional Centralised systems like Visa, MC, Paypal and old world Barter exchanges.

 

The architecture and Artificial Intelligence used by Barteos has a compliant-ready account system with ID Tracking that has resilience against theft, whilst complying with jurisdictional governance.

The ultimate goal is to put the power back in the hands of the people and make De-centralised digital currency systems intuitive and easy to use, just like using country currency and its banking system without paying the huge costs and experiencing the bottlenecks of centralised control and human intervention.

 

This is a new era in conducting financial transactions  using De-centralised data systems giving us a freedom from banks that will finally benefit us all .

How secure is Barteos?

The ability of  Barteos to protect your digital assets and transactions relies mainly on its decentralised distribution of the financial data and the control that forms the core of the philosophy behind the technology. Since any bit of information is replicated across a large number of nodes (or computers), destroying or modifying the information on one or even multiple nodes simultaneously will not impact the integrity of the financial data or the network.

This De-centralisation makes the storage of information on Barteos much safer compared to centralised database systems used traditionally by financial organisations. Centralised database storage of financial data is very vulnerable because there is only a single point of failure, which, when compromised leads to a total collapse of the system’s security.

Additionally, all information on Barteos is secured through cryptographic hashing. Hashing algorithm used, ensures that only those with the right keys can access any piece of information stored on the Barteos Distributed Ledger. This keeps all your financial data protected from being accessed illicitly, ensuring any data, be it financial data or personal information, remains hidden.

While techniques like cryptographic hashing and encryption are used to secure data, the De-centralisation offered by the Barteos Technology is where it provides an added advantage in terms of rock-solid security. So now we know that Barteos – The Internet of Money, has security advantages over traditional ways of storing financial information that should give you piece of mind.