Tether and Bitfinex have made the grant available to Qubes OS, a team working to develop a free and open-source OS for the people. The grant is worth approximately 100,000 USDt, and it is intended to come in handy to achieve the mission to enhance desktop computing security with isolated qubes.
Tether and Bitfinex have partnered for this cause, thereby making the donation available to the team. What worked well for Qubes OS is its reputation as the epitome of privacy and data security. The Qubes OS Team has welcomed the grant with open arms. For all the right reasons, one may say, since it is a gift that Qubes OS needed the most.
It will support the development of an open-source operating system by backing the software that is critical to its growth. Also, the support will make sure that the platform is the best in class for all the users, irrespective of their background.
Paolo Ardoino, the Chief Technological Officer of Tether and Bitfinex, has highlighted that supporting Qubes OS with a grant represents their commitment to fostering innovation and helping individuals take control in the digital era. The open initiative is based on cutting-edge technology that is renowned for its iron-clad security. Paolo has also said that they recognize the importance of privacy and security.
While the grant will help Qubes drive the development of decentralized and secure technologies, users will also receive benefits. This includes safeguarding their personal information and keeping their digital assets safe.
Qubes OS has received a lot of acknowledgment from freedom activists and bitcoiners, courtesy of its security architecture and innovative approach to protecting the users’ personal information. Qubes OS, a free and open-source mechanism, leverages the potential of Xen-based virtualization. It basically isolates tasks and applications within ‘qubes’, which are separate virtual machines that strengthen the security aspects better than traditional operating systems.
Users are, therefore, able to perform all sensitive tasks, including but not limited to private communication, financial transactions, and accessing sensitive information.
Founded in 2012, Bitfinex is one of the world’s most well-known crypto exchange platforms. It is backed by sufficient liquidity and has over a hundred cryptocurrencies listed on the platform. Alternatively, customers can add trading pairs to their portfolios. It charges a transaction fee of 0% to 0.2%, depending on the transaction size, currency, and region. Details can be read in our Bitfinex review, which also sheds light on its set of unique features. Most of it covers the seamless registration process and the safety features of Bitfinex.
The current development follows Tether’s announcement of the ability to own a fraction of a gold bar through XAUt. It is a token that is backed by gold and stored in Switzerland.