Follow these two simple steps to reduce your risk of falling victim to cryptocurrency hackers:
Add the threat of digital hacking to your security awareness training and focus on phishing attempts to download scripts onto users’ computers.
Install an ad blocker or cryptocurrency mining blocker on your web browsers. Since digital hacking scripts are often sent through electronic ads, installing an ad blocker can be an effective way to stop them. Some ad blockers like Ad Blocker Plus can detect some digital mining scripts.And you must always follow the safety measures as we advise in this money
Criticism of cryptocurrencies
Since the market prices for digital currencies depend on supply and demand, the rate at which one digital currency can be exchanged for another can fluctuate significantly. This is especially true when you consider that the design of many cryptocurrencies is often scarce.
Bitcoin’s value has seen some rapid ups and downs, rising to $ 19,000 per bitcoin in December 2017 before falling to around $ 7,000 in the following months. Hence, cryptocurrencies are viewed by some economists as a short-term phenomenon or a speculative bubble. There is also growing concern that digital currencies like Bitcoin are not physical goods.
Blockchains cryptocurrencies are extremely secure, but other aspects of cryptocurrency systems, including exchanges and wallets, are not protected from the threat of hackers. Indeed, in Bitcoin’s 11-year history to date, many online exchanges have been hacked and robbed, sometimes worth millions of dollars in “coins”.
However, many observers see many advantages in digital currencies, such as the potential to hedge against high inflation and facilitate exchanges as they are easier to transport and share than precious metals, not to mention the fact that they are under the control of central banks and governments revoke.
The future of digital currencies:
The future of cryptocurrency could be a step into the mainstream, according to The Wall Street Journal, and the City of London will likely continue to support traditional currencies that it has a legitimate interest in. The process will be slow at first, but it is inevitable. Here are some quotes from influential people on what the future holds for cryptocurrencies.
Richard Branson, Founder of Virgin Galactic and 400+ Other Companies:
“Well I think it works. There may be other currencies that could be better. But there is a big industry around Bitcoin. People made fortunes from Bitcoin and some lost money. It’s volatile, but people also make money from volatility. “
Al Gore, Former Vice President of the United States:
. I think the fact that there is an algorithm in the Bitcoin world replaces the government’s job, which is actually pretty cool.
Eric Schmidt, CEO of Google:
“Bitcoin is a remarkable digital achievement. The ability to create something unrepeatable in the digital world is of immense value and many people will build businesses on it. “
Peter Thiel, co-founder of PayPal:
“PayPal . We failed because of this and have just created a new payment system. I think Bitcoin has caught on as the new currency, but the payment system is on the tight side. It is very difficult to use and that is the big challenge for Bitcoin. “
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Cryptocurrency is an impressive technical achievement, but it remains a monetary experience only a few years old. While there is no doubt about the survival of digital currencies, these currencies may not completely replace fiat currencies. Nonetheless, as we have tried to speak in this article, it offers an interesting new perspective to present questions related to currency management and regulation, the properties of money,You have to understand the nature of your competitors and know the financial intermediaries