Recently I delved into the issues of investing in crypto and understanding the dangers of various coins based on the size of their blockchain.
As discussed there, the need to control 51
percent of a currency’s ledger record means that the bigger (and faster) a
network is, the harder it is to access the necessary nodes and keep up with
My conclusion (and I’m essentially a noob) was
that the coins themselves are difficult to hack, but what about individual
holdings such as software-based wallets or online accounts?
That’s where real digital danger lies.
In this article, I’m going to lay out the most
common threats to your digital pocketbook.
Nothing New Here
For the most part, cryptocurrencies are just another item of value and like many other digital items, access to where records are held can be enough to defeat our individual (often inept) security measures.
Like your online bank account, if…