CENTRALISATION UNDERMINES THE MOST FUNDAMENTAL PRINCIPLE OF BLOCKCHAIN TECHNOLOG

Do you think guys ?

Blockchain technology promised users the ability to become their own bank, yet the majority of exchanges which allow individuals to purchase cryptocurrencies are entirely centralised.

This is a fundamental problem plaguing the industry currently, with centralised exchange hacks occurring on a far too frequent basis. For example, the colossal Mt. Gox hack of 850,000 BTC, Bitfinex’s loss of 120,000 BTC and more recently the Bithumb breach, the 5th largest exchange by volume at the time. Such events indicate that no matter how established the exchange, there is always a possibility of being infiltrated by hackers, after all this may be the most profitable heists of all time, as Bitcoin continues to increase in value.

Read more at https://www.bbod.io/bbod-blog/2018/8/7/centralisation-blockchain-technology

Please share if you believe in true blockchain technology.

Topic: CENTRALISATION UNDERMINES THE MOST FUNDAMENTAL PRINCIPLE OF BLOCKCHAIN TECHNOLOG (Read 139 times)