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How far will cryptocurrrencies go for security?


marcopolo

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The security of cryptocurrencies is an issue for some people. The founders of digital coins know that stories about exchanges being hacked damage their image.

For cryptocurrencies to be commonly used by the general public they must gain trust. The same trust that people have in the bank coins and notes they use to buy goods and services.

The developers of privacy-obsessed digital coin zcash have gone to unique (and extreme) lengths to ensure their digital currency’s security.

Zcash used nuclear waste from the infamous Chernobyl power station to create low-level radiation. This was converted into random numbers to generate zcash’s public cryptography parameters.

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  • 2 weeks later...

It's something new and interesting. As for losses and reputation, there is a chance to lose your money everywhere, even if it's a regular selling coffee business, for example. It's just that too much attention is paid to the cryptocurrency.

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