“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.”
Are Cryptocurrencies Secure? Yes and No – Here’s Why
