Bitcoin pres

LY
by Lorene Yana5 views·Updated Dec 1, 2021
Create your own

Chapters

Audio TranscriptAuto-generated

  1. despite the amount of hash algorithms used to deter the threat of hacking,
  2. stirring crypto currency can be dangerous.
  3. It is vulnerable to a consensus of miners taking
  4. control of over 50% of the networks computing power.
  5. We have witnessed the possibility for hackers to exploit bugs in
  6. the system in order to have access to digital wallets.
  7. During this past summer,
  8. Polly Natural experienced the biggest digital heist in history.
  9. BBC reported that 600 million worth of crypto was stolen.
  10. Cybersecurity attacks affect the Cryptocurrency community,
  11. and news like this evidently discourages donors to donate.
  12. Using these meats
  13. is the future of Blockchain, a threat to these charities.
  14. The public ledger technology may become
  15. useless as quantum computers are developing.
  16. Quantum technology uses quantum bits rather than bits,
  17. meaning they are substantially more powerful.
  18. As seen on the graph, Google already acquires 72 quick bits.
  19. In addition,
  20. China is going dark in investing in quantum technology
  21. research without being in close contact with encryption experts.
  22. This is because quantum mechanics has the potential
  23. power to decrypt extremely secure hash algorithms.
  24. This is a dangerous dilemma, as this is the essence of Blockchain secure