Blockchain Identification: Good, Bad or Terrible?

"What do you think about initiatives seeking to secure people's identities and personal information using the blockchain? These will allow users to only reveal individual pieces of information to different providers. Will that solve anything, though? Won't banks still require that people provide all of the same information in order to open a checking account?"... Continue Reading →

New Zealand Crypto Exchange ‘Cryptopia’ suffers a “Security Breach”

The first hack of 2019 for the Crypto community has broken out in just 2 weeks since the start of the year. New Zealand Crypto Exchange, Cryptopia announced on Twitter that they had 'suffered a security breach' on January 14th by posting a letter addressed to the Cryptopians. https://twitter.com/Cryptopia_NZ/status/1085084168852291586 Investigations regarding the breach are being... Continue Reading →

How to Pick the Perfect Bitcoin Wallet?

It is imperative to carefully select a Bitcoin Wallet because this is where one's public and private keys reside. In a situation of the wallet getting compromised, all the bitcoins can be lost. One should not make random selections or take opinions from someone who may not have sufficient experience in this field. There are... Continue Reading →

Why Exchanges have Two-Factor Authentication?

How important is security? The answer is obvious—it is extremely important. We take a lot of care while securing our possessions—both online and offline. Using a strong password, making sure the data is being sent to a trusted service provider, installing anti-virus softwares — these are usually the steps people take to make sure their... Continue Reading →

Are Cold Wallets Really Safe?

Cold storage is an offline wallet for personal storage of Bitcoins. The digital wallet is stored on a platform that isn't connected to the internet thus preventing cyber attacks or any such vulnerabilities. It is considered essential mainly due to its security precautions, especially when dealing with a large quantum of Bitcoins. The function of... Continue Reading →

How Cryptocurrency will change the World

Blockchain Technology and Cryptocurrency Cryptocurrency is electronic money stored in e-wallets or computer files, that is transferred and tracked using blockchain technology. This technology tracks every update, or transfer in a chronological manner. The information is stored cryptically so that anyone can access it. However, existing data cannot be changed. Cryptocurrency is becoming well known and more... Continue Reading →

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