One of the advantages of the blockchain technology is supposed to be the added security and resilience to cyber attacks. The open-source nature of blockchains does make them an open target for different types of attacks though. We explore three popular attacks and how to prevent them.
Understanding the concept of owning Bitcoin or other cryptocurrencies can be a challenge in the beginning. These are purely digital assets and the ownership is defined by holding a secret — the private key — to access them. For most people, a hardware wallet is the best option.
If you are interested in the topic of crypto currencies, you will always come across a central question: How can you effectively protect your investments from scammers, hackers and losses?
In principle, any application that includes functions for storing and handling crypto-currencies can be called a crypto wallet. An overview of the functions and types of crypto wallets will be provided…