He isn’t surprised attacks happen.
The cryptocurrency paradigm was heralded by the launch of Bitcoin (BTC) in 2008, inspiring a new technological and social movement. The goal of cryptocurrencies is to provide a medium for global, peer-to-peer transaction settlement that preserves privacy and financial security.
A cryptocurrency monetary policy is enforced through a unique blend of software, cryptography and financial incentives rather than the whim of trusted third parties such as central banks, corporations or governments. Cryptocurrencies are powered by cryptographically secure, verifiable transaction databases called blockchains, which provide their security and transparency.
A cryptocurrency network consists of a global community of stakeholders, including the validators that secure the network while adding transactions to the blockchain, the traders who speculate on these radically market-driven assets, and the builders working to onboard people to this new financial paradigm.
At Cointelegraph, we are chronicling the ongoing story of cryptocurrency and the rise of a borderless, permissionless financial system. How will industry stakeholders work to make crypto a mainstay in people’s lives? How will crypto investments change the paradigm of the current financial system? And will incumbent and legacy systems accept or fight this change?
Stay tuned: Cryptocurrencies are going to play a big role heading into the future.
But with Bitcoin demand on the rise, can we expect more scarcity?23885
Cryptocurrency may emerge as a more widely adopted means of exchange as consumers grow increasingly comfortable with cashless transactions.7879
Diversification is key to ensuring you will be able to take advantage of every opportunity without incurring too much risk.4361
With new technologies evolving, criminals find easier ways for illicit activities — that is the dark side of anonymity and decentralization.3411
Crypto adoption in traditional legacy systems is moving fast, but a lack of technological infrastructure limits compliance and safe storage.5010
Crypto depends on the ability of regulators to create a framework that protects consumers and makes investing in crypto more welcoming.3726
A dizzying lack of transparency as the crypto exchange is hacked and $150m in customer funds goes missing11741
The rise of crypto-related crimes and money laundering cases is the result of the increasing mass crypto adoption.3449
Will centralized exchanges continue to provide the regulated environments required for digital assets to evolve into the mainstream, or will the future belong to DEXs?4417
A new platform aims to provide a connected network of DeFi ecosystems and eliminate some of the issues seen with decentralized networks.7288
The proposal hopes to avert a blanket ban that some warn would result in the illegal trade of cryptocurrencies9163
Skyrocketing figures show crypto’s growing global dominance.Skyrocketing figures show crypto’s growing global dominance5273
Europe is one step closer to getting a concrete legal framework for digital finance.3950
To ban crypto or to tax, that seems to be the question.3439