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June 11, 2021, 03:33:21 AM |
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In the past few days, we have seen the number of cybersecurity attacks rise relatively rapidly. Not only these attacks seem to be more and more prevalent, their scale and impact has also unfortunately grown rapidly. Going one step further, we can also see that these attacks create a bad press for the blockchain and cryptocurrencies even if the way these attacks happen technically have nothing to do with the blockchain in general. Only the exchange of payments, when it happens, is often done in cryptocurrencies.
What is even more interesting is that in reality, it is because of the centralization of different infrastructures that many of these attacks can take place. Having a decentralized infrastructure would most likely reduce the type of attacks that are possible or the way some of these people take control of entire system.
The issue is that the world is not yet developing an understanding for this important nuance. On the contrary, mainstream media would often associate, too rapidly, the rise of these hacks with the rise in adoption of bitcoin and other blockchain tokens.
We expect this debate to further accelerate in the months to come, forcing some governments to take some measures which may look good politically but which will only delay the rapid adoption and innovation of more blockchain and decentralized technologies which could help in reality solve the issue at hand.
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