C-Suite On Deck
Keep me plugged in with the best
Join thousands of your peers and receive our weekly newsletter with the latest news, industry events, customer insights, and market intelligence.
I agree to the
terms of service
PLEASE CORRECT THE FOLLOWING:
Please Enter Some Keywords
How to Improve Blockchain Security
In 2014, Mt. Gox, one of the largest cryptocurrency exchanges (managing approximately 70% of all transactions in Bitcoin) had been the victim of successful hacking attempts for a period of three years, and Mt. Gox’s customers lost 750,000 Bitcoins. Bitcoin lost over a third of its value when the full extent of the fraud was revealed. In 2016, Bitfinex, one of the most popular cryptocurrency exchanges in the world was hacked, and 120,000 Bitcoins were stolen, representing a market value (at the time) of nearly $72 million. In 2018, there has been a steady flow of news reports revealing all manners of cryptocurrency fraud and token theft, Coinrail, BitGrail, Coincheck are just a few of the hacks exposed this year. Clearly, making blockchain as safe and secure as possible is the highest priority. When investing in the computing power necessary to utilize blockchain in an enterprise, it makes sense that companies want to ensure the highest level of security for their most sensitive data. There are a few theories about how to best accomplish this task.
I'm for real
Enter your email once to access all our information and resources.
(Your email address is required so we know you're a real person)
By downloading this content, you give permission for your contact information to be shared with the content provider who may contact you in regards to the content.