Topic: a little bit about the blockchain ) (Read 117 times)
Studying blockchain at first will lead to a little confusion. Just like the beginning I studied blockchain is quite very confusing. Here I will give a little reference for my friends to start studying blockchain one of the technologies behind the rapid development of Cryptocurrency in the world. Here I will try to discuss this blockchain as easy as possible, because it is actually a blockchain is a simple and simple technology.
If you are really so worried about your privacy there are a lot of other ways to still be a part of those projects and stay anonymous. Just create a separate email id and that's pretty much what you'll initially be needing to know everything about the project and get updated through the mails the projects team send you on the email only for investing. If you feel the project is legit and not a scam by your research and experience only then reveal more information and invest rather than whining about privacy issues.
Well that is something new for me, who is implementing this regulation? If this is true it will really be considered a step to truly limitize and control the use and spread of blockchain tech which is actually against the concept of this technology.
You forgot to link source article from where you just copy/pasted this: https://www.ccn.com/gdpr-a-game-changer-is-coming-for-cryptocurrency/
Any platform that uses a distributed ledger to store user data (blockchain, ethereum) is, by all means, screwed. There is absolutely no way around this. What if companies just ignore this new enforcement? Well, the fine is only 4% of your company’s revenue, up to 20 Million Euros.
So if you have invested in a project, own a project or are generally interested in better understanding how this market will evolve, please do pay attention to the following: storing any user data on any public distributed ledger is half-way to a really, really, really unpleasantly expensive outcome.
From the top 100 cryptocurrencies, how many can you identify that will face issues due to this new regulation? Platforms that hold user data in any form must assure there is a way for that data to be deleted. Let me underline this again: it means a big no-no to storing any user data on a ledger from where that data cannot be deleted.
So if you have invested in a project, own a project or are generally interested in better understanding how this market will evolve, please do pay attention to the following: storing any user data on any public distributed ledger is half-way to a really, really, really unpleasantly expensive outcome.
From the top 100 cryptocurrencies, how many can you identify that will face issues due to this new regulation? Platforms that hold user data in any form must assure there is a way for that data to be deleted. Let me underline this again: it means a big no-no to storing any user data on a ledger from where that data cannot be deleted.
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