To date the Bitcoin industry has received over $1 billion in venture capital and startups are trying their hand at developing services for the community or building on top of the distributed ledger technology (blockchain) that runs it. Last year saw a boom for Bitcoin startups, and like any growing ecosystem some succeeded and some failed.
While the Bitcoin protocol itself provides a great deal of security for transactions, holding bitcoins can be a risky endeavor, especially if a startup happens to keep a hot wallet with a lot of cryptocurrency in it. These walls are fat targets for hackers, fraudsters and would-be thieves.
Just like any other asset, bitcoins can be secured and insured. Since 2014 different quarters of the Bitcoin ecosystem have been working on solutions available to startups that can provide risk management in terms of securing bitcoins on hand or insuring bitcoins that may be lost due to digital highway robbery.
Below is a small list of resources that a Bitcoin startup should be aware of for getting secure or insured.
Read the full article:
http://siliconangle.com/blog/2016/01/18/five-ways-to-secure-and-insure-your-bitcoin-startup/
