TL;DR Breakdown
- Bitcoin Latinum partners cybersecurity firm GK8 to protect its ecosystem.
- Partnership became necessary as a result of rise in crypto enthusiasm, hack.
- Bitcoin Latinum set to float token on DigiFinex exchange.
Bitcoin Latinum, another asset-backed cryptocurrency with high transaction processing capacity, has announced its partnership with GK8, a blockchain cybersecurity company. The cybersecurity that offers financial institutions and cryptocurrency projects a self-managed end-to-end custodial platform for blockchain-based digital assets.
According to a press statement, the partnership is a result of the rise of crypto enthusiasm, which has encouraged hackers to target blockchains, exchanges, and wallets with increasingly sophisticated attacks in hopes of cashing in.
Bitcoin Latinum integrates GK8’s proprietary regulation-compliant solution to protect its ecosystem, using it to store its coins and, potentially, offer its custody to its retail and institutional investors. GK8’s fresh approach to securing digital assets offers both Cold Vault and MPC functionality, along with built-in support for DeFi integration and coin staking.
The solution also incorporates the world’s first true air-gapped Cold Vault that enables GK8’s clients to create, sign, and send secure blockchain transactions with no internet connectivity, hence eliminating all potential cyber attack vectors. GK8 customers currently manage over $10 billion worth of digital assets through its end-to-end solution.
“Security is one of the key concerns for both private investors and institutions entering the crypto world,” said Lior Lamesh, CEO and Co-Founder of GK8. “Our solution empowers custodians to grant the maximum level of protection for digital assets under their management while enjoying the versatility that comes with smart contract support. We are thrilled to expand our portfolio and join forces with the crypto firm as it works to advance the Bitcoin ecosystem into the financial mainstream.”
Bitcoin Latinum set to float token on DigiFinex exchange
The partnership with the blockchain cyber security firm comes as Bitcoin Latinum prepares to have its token listed on DigiFinex exchange in late October under the LTNM ticker. Built as an open-architecture cryptocurrency, LTNM is a greener, faster, and more secure version of Bitcoin and is poised to revolutionize digital transactions.
The Bitcoin Latinum algorithm and infrastructure break barriers and speed limits that have prevented some virtual currencies from achieving practical, real-time use. Furthermore, Bitcoin Latinum looks to reduce the cost of a Bitcoin transaction from dollars to pennies for on-chain transactions.
Dr. Donald Basile, CEO of Monsoon Blockchain Corporation, the lead developer of Bitcoin Latinum on behalf of the Bitcoin Latinum Foundation, stated: “We are very excited to partner with GK8, A pioneer in the blockchain cybersecurity space. This partnership works to strengthen LTNM’s robust security protocols and elevates Bitcoin Latinum’s global positioning in the world of digital assets – powering its mass adoption for retail transactions.”
Towards offering retail and institutional investors the highest possible security, Bitcoin Latinum would combine the benefits of GK8’s end-to-end custody solution with a robust insurance policy to protect LTNM holders.
