Hot Knowledge is different from traditional financial exchanges. All cryptocurrency exchanges around the world operate 24 hours a day to ensure that all customers around the world can trade at any time.
Of course, 24-hour trading on exchanges does not mean that people will work 24-hour continuously, especially today when cloud servers are popular.
In a sense, cryptocurrency exchanges are truly profitable business.
As long as the server is built and the security can be ensured, the next thing to do is to continuously charge commissions from massive transactions for twenty-four hours.
If you still dislike the slow earning of commissions, there is a faster way to speculate on currency in person, or even issue a new cryptocurrency based on blockchain.
There is no doubt that for the financial market, Bitcoin and its basic blockchain technology are definitely one of the greatest inventions in the world.
Especially the slogan of decentralized transactions has given it a very fertile survival soil.
After the technology update, the cost for cryptocurrency issuers can be said to be negligible.
Especially for those with a certain influence, issuing a cryptocurrency is definitely one of the fastest ways to make money in the world.
Of course, it is precisely because it is too easy to make money that any cryptocurrency exchange of a certain scale is also stared at by countless people.
As long as a big cake is qualified to participate, no one will refuse.
So if you look at the equity behind these crypto exchanges, you will find it very complicated.
This complex and extremely secretive equity background is based on a highly speculative basis.
So almost all cryptocurrencies have experienced severe shocks far exceeding the ordinary financial market.
Even the futures market, which is the most dangerous for ordinary investors, is a pediatrician in the currency circle.
It is not a myth to get rich overnight here, and it is also normal to lose wealth overnight.
Of course, these are not problems for Jesse Powell. After all, for dealers, they can always make steady profits and not lose money.
And unlike other platforms, Kraken founded by Jesse Powell did not issue tokens to make money like other platforms, but was committed to legal and compliant transactions.
It can only be said that he wants to make this business long-term. So compared with other platforms, Jesse Powell emphasizes compliance and even pays more attention to user safety than other platforms.
So for this CEO, this period is not easy.
To be honest, the quantum chip that Microsoft hastily released did not move him much.
He has worked in several technology companies and started businesses, and the company he founded was acquired.
During that time, he had dealt with senior executives of many technology companies. He was very clear about the routines of those technology companies and the necessity of telling stories for technology companies.
From quantum hegemony to the metaverse...
American technology companies have blown too many concepts. But these concepts are more like castles in the air.
After all, technology companies cannot lose their imagination. Otherwise, investors will doubt the future expectations of these technology companies.
If storytelling can make people optimistic about the future, path dependence will naturally arise.
By now, the metaverse has been in a mess and no one mentions it at all. As for the so-called quantum hegemony, it actually did not have any impact on them.
Jesse Powell does not deny that technology will inevitably change the future. He is just simply immune to those stories.
But he is still worried recently.
The reason is that Qiao Yu has just recently announced two new Mason prime numbers.
To be honest, as a successful person, Jesse Powell is also very concerned about China's trends. Even though China has never recognized the legal status of cryptocurrencies.
From his perspective, the technology companies in China are obviously more pragmatic. They rarely boast about their achievements, but when they release products, they often startle peers.
For example, three years ago, when it comes to robotics, people seem to know only Boston Dynamics.
But two years ago, a Chinese robot company named Yulin suddenly emerged. The robot product released directly subverted people's imagination of robots.
There are many similar fields, such as the AI ​​field.
Some Huaxia Technology companies even forced the US officials to come out and target in person.
With too many such things, Jesse Powell naturally came to a conclusion. Chinese people seem to be very bad at publicity and don’t like to tell stories.
Everyone is working hard and then turning the things people imagine into reality.
These innovations did not involve his field before. In addition, China banned cryptocurrency trading, so he was just sighing.
But this time, Qiao Yu suddenly used a garbage room to perform quantum simulation calculations, and really calculated two new Mason prime numbers to make him alert.
Although he did not understand Qiao Yu, based on his stereotype of China, when Chinese people could use electronic computers to simulate quantum computing to quickly find new Mason prime numbers, God knows how much they have done quantum simulation computing.
It can be said that Jesse Powell was one of the first financial industry managers to be extremely vigilant about the speed of China's quantum simulation computing.
For this reason, he specially called Nick Perko, the company's chief security officer the next day to consult on the impact of quantum simulation computing on exchange trading security.
But he could only ask.
Although Kraken has been investing in research on quantum adversarial algorithms, it takes time.
Not to mention that quantum simulation computing attacks are still an emerging field, let alone defense.
Jesse Powell majored in philosophy during his college years at Los Angeles. He naturally understood that it was really difficult to make a solid shield before the spear officially appeared on the stage of history.
To put it bluntly, even if there are certain results, the technological maturity can be imagined before large-scale testing is conducted.
Especially in the world, there is no unified standard and specification in quantum computing, so the advice given by his chief security officer is to remain cautious and optimistic.
That is, the quantum simulation computing launched by the Chinese should not threaten the security of cryptocurrencies in a short period of time. But in the long run, investment in quantum adversarial algorithms should indeed be increased.
It is best to promote cross-border cooperation. Join more exchanges, financial institutions and some related technology companies as soon as possible to jointly develop encryption algorithms that can combat quantum brute-force cracking.
Jesse Powell is also thinking about this.
After all, a sense of security, especially the sense of security that users can perceive is the lifeline of cryptocurrency transactions.
Even more intense than the demand in the financial market. After all, cryptocurrency transactions are completely anonymous.
After all, decentralization is one of the most important features of cryptocurrencies. If the money is really gone in a wallet with extremely high privacy, you can’t find a personal reason.
But he hadn't had time to take action.
Cross-border talks on cooperation are never an easy thing.
A less vivid metaphor, the capitalists here are like sharks. When they smell the bloody smell, they are not considered first of all danger, but how to fill the meat that can eat in front of them.
So if he acts too urgently, all kinds of lions will definitely be waiting for him, so he also wants to wait for a more suitable opportunity.
In Jesse Powell's view, this opportunity is coming.
Obviously, these companies are directly threatened by Qiao Yu's new technology.
Regardless of the significance of quantum computing to the development of science and technology, the most important thing is that quantum hegemony is a story told by Silicon Valley for many years.
Now it is time to pick peaches, and the Chinese are taking the lead again, which will inevitably hit investors' confidence.
This is the best opportunity. Someone’s demand is more urgent than him. So what he needs to consider next is the negotiation strategy.
The best result is at the lowest price.
Yes, it never exists to be a successful person in this land.
Either you have to plot against others or you have to be plotted against yourself.
At this moment, his secretary suddenly rushed into the office.
The newest ⊥小⊥小⊥ said⊥⊥⊥⊥⊥⊥⊥⊥⊥⊥!
"Mr. Powell, I just called in China."
"The phone call from Huaxia?"
Jesse Powell, who was thinking, hadn't reacted yet, but he repeated it before realizing what was going on, and said in a deep voice: "Why not transfer it in?"
"I plan to transfer it. But the other party said there is no need, just me tell you."
After hearing this, looking at the secretary's strange expression at this moment, Jesse Powell had a sense that it was definitely not a good thing.
"Oh? What did he say?"
"He said let me tell you that Dr. Qiao Yu's scientific research team will help our platform perform transaction security testing in the era of quantum simulation computing at 10:00 tonight ET."
"Ten o'clock tonight? Transaction security test?" Jesse Powell was stunned and asked, "You told him we don't need it?"
"I said it, but he said it was decided. And he said it was just a notice, not a request for our opinion."
"That's how it's decided?" Jesse Powell asked incredibly, and then quickly realized that this time point was very interesting.
At 10 o'clock this morning, Microsoft announced the latest quantum hardware technology. At 10 o'clock this evening, we will help them perform safety tests on quantum simulation computing?
This is too targeted.
But why did you choose Kraken? There are more global cryptocurrency trading platforms, so why do you help them?
"What else did he say?" Jesse Powell asked in a deep voice.
"He also said that this time Dr. Qiao Yu's security team test will conduct global synchronous public testing on our three platforms, Kraken, Coinbase, Binance.US, to prepare us.
By the way, there are about two hours left, that is, at 5 p.m. Eastern Time, they will announce this test action on their official website. And the external statement will include the fact that we have notified us in advance."
Obviously, the other party was not planning to reason.
"How did you determine the other person's identity?" Jesse Powell asked.
"Mr. Kaland called to introduce it first."
"Ronnie Kaland?"
Jesse Powell suddenly wanted to curse. With this heavyweight introducer, this matter must be true.
This is equivalent to the announcement at 5 a.m. in China time, and the live broadcast test will officially start at 10 a.m. It is all based on the time scheduled by Microsoft.
In other words, this is the naked response to Microsoft's release of new quantum chips. Not to mention that the three platforms selected are cryptocurrency trading platforms headquartered in the United States.
But the gods on both sides fought, and who did their cryptocurrency exchange provoke whom? He also wanted to sit in the mountains and watch the tiger fight, but the other side directly vented their anger on them?
He knew with his butt that the other side must have found a loophole in the trading platform, or that the new technology does pose a threat to the current trading security, otherwise it would be impossible to formulate such a targeted plan.
The most terrifying thing is that it will also broadcast live around the world.
For a moment, Jesse Powell's mind was a little confused, but after calming down, he waved his hand and signaled the secretary to go out first.
It’s not that he wants to be quiet. But if the opposite side is not targeting his family, but three families, he believes that a call will come soon.
Well, even if the other two companies don’t call him, he will call him on his own initiative.
However, after calming down, he suddenly felt that being the selected platform might not be the worst.
After all, these three platforms are already the world's largest cryptocurrency trading platforms. Whether it is security or tradable products, they are all the world's top.
If even they cannot pass this so-called "security test", other cryptocurrency platforms that have not been selected will naturally be even more unlikely to ensure security.
In other words, this security test has brought in the global cryptocurrency trading market.
Even if it is not selected, if the result is not satisfactory, it will be devastating to investor confidence.
At least they were selected to notify them in advance and were ready for what might happen next.
As soon as he thought of this, Jesse Powell pressed the secretary's call button before making the call.
"After notifying the company, all senior executives of the company will immediately go to the conference room on the 6th floor and hold an emergency meeting ten minutes later. Company executives who cannot attend the meeting through video will not be allowed to be absent."
As soon as he ordered, Jesse Powell's private cell phone rang.
I picked up my phone and looked at it. It turned out that it was from my colleagues.
Brian Armstrong, one of the founders of Coinbase, also serves as the current CEO.
What is different from him is that Brian has a serious technical background. He studied computer science in college. After graduation, he worked as a software engineer at Airbnb and Goldman Sachs. These two work experiences have given him both financial and technical backgrounds.
After adjusting his emotions, Jesse Powell answered Brian's phone call.
As soon as the phone was connected, the opposite person asked straight to the point: "Jesse, have you received a call from the Chinese?"
"No, I didn't receive it, but my secretary received a call from China. The Chinese didn't even give me a chance to speak." Jesse Powell complained.
"Huh...so what do you think?"
The opposite side ignored Jesse Powell's complaint and asked bluntly.
"What can I think? There are less than seven hours left until 10 o'clock in the evening! This time is not even enough to hold a shareholders' meeting!"
Chapter completed!