The technology behind Bitcoin and the blockchain is secure; we know this because it leverages mathematically proven cryptographic protocols. Known as the Elliptic Curve Digital Signature Algorithm (ECDSA), they “ensure that [Bitcoin] funds can only be spent by their rightful owners.” However, this level of security doesn’t always transfer to the businesses and applications offering services in the Bitcoin industry today.
People who register for Bitcoin services are instructed to create a strong password and […]
