“Cryptocurrencies, specifically the underlying technology, blockchain, through its distributed ledger technology and the ability to decentralize control, inherently has a certain level of security built into its technology,” said Yenamandra. “But it is not a panacea. There are still a lot of vulnerabilities that can exist today, even in a blockchain environment. The attacks that exist, that we’ve seen, vary, some are tech related, some lie on the border between cybersecurity and privacy.”
Related posts
-
Bitcoin Expected To Peak Soon? Analyst Forecasts Timeline, Here’s When
As the cryptocurrency market continues to witness heightened optimism and confidence from investors, Crypto Con, a... -
Analyst Says $71,000 Bitcoin Move Is Only Halfway Through, Here’s Why
An analyst has explained how the current Bitcoin surge appears to have hit the halfway completion... -
Crypto Analyst Sounds Warning Alarm For Potential 50-60% Crash In Chainlink Price, Here’s Why
Crypto analyst CrediBULL Crypto recently warned that Chainlink (LINK) could experience a 50% to 60% drop...