Cryptocurrency Concerns: Issues Slowing Its Growth
Cryptocurrencies are all the rage right now. And why not? It is believed that it will shake up the financial landscape in the coming years and slowly, but surely, redefine how we view monetary transactions. However, while it brings with it umpteen benefits and ease of use, there are many drawbacks to going completely crypto too. Financial analysts have shared their concerns regarding blockchain and crypto at various annual tech conferences such as the Internet 2.0 Conference , given the glaring security issues and the volatility of the market. By means of this blog, we will highlight some of the top concerns: The question of cybersecurity Going digital brings with it a set of novel risks and security threats. Crypto is no different, and we already have ample examples before us of ICOs getting hacked. These show us that attacks to capture crypto assets may be difficult but are quite possible. For instance, a crypto exchange can be the target of hackers and spammers who wish to stea...