Cryptocurrency industry becomes less decentralized and anonymous and more regulated and controlled. Government authorities require crypto exchanges to disclose transaction data of their customers. And the exchanges seem to be quite collaborative in these terms.
The ongoing wave of hacks and attacks affects the operation of many companies in the cryptocurrency field. One of the biggest hardware wallet manufacturers Ledger has recently suffered a hack that led to losing about a million emails as well as other customer information.
As countries brace for elections in the time of COVID-19, they are wondering how possible this can happen while social distancing measures prevail. Blockchain and distributed ledger technology (DLT) seems to provide a good option for organizing and conducting free and fair elections during this time of emergency.
As the community was astounded by the bold hack of prominent Twitter accounts, it revealed the general vulnerability of centralised social media, where all information is kept at one place. It would not be possible to break a decentralized platform that easily.
Blockchain has been a buzzword for a while now. However, only techies are able to actually understand what it means and realize all the potential of this technology. For common folks, it is just another “scary” word they hear every now and then without the slightest idea of its meaning. But what does it actually mean?