White-hat Hackers Prove the Importance of Ensuring Top-grade Security for Crypto Wallets

A year ago, Bitcoin and cryptocurrencies lurked in the shadows of the dark internet, perceived by the public to be used by drug dealers and gun runners only. Sites like SilkRoadand AlphaBay utilized the anonymity of cryptocurrencies to protect the identity of some of the world’s darkest characters.

But a few believers held strong. Today the cryptocurrency world has exploded. The creator of Bitcoin, albeit under his nom de guerre, Satoshi Nakamoto, has been hailed as a hero of freedom and antigovernment sentiment. And this growth in awareness has come with a massive growth in value.

The cryptocurrency market has grown exponentially in volume as well as in valuation. The total market cap for all cryptocurrencies has recently crossed the $170 billion mark, an 800% growth for 2017. This kind of astronomical value basis increase has created an unprecedented boom in new users. This cycle, where awareness produces investment, which in turn produces greater awareness, is commonly known as a ‘Satoshi Cycle.’ […]

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