Topic: Digital Currency Security Requires Breakthrough Technology - page 2. (Read 348 times)

Technology risk: Cryptocurrencies and decentralized platforms are emerging technologies, which come with technology risks. For example, the platform's code may have vulnerabilities that could lead to hacking and theft. Additionally, the value of cryptocurrencies can be highly volatile due to market fluctuations, which could result in losses for investors.

Regulatory risk: Cryptocurrencies and decentralized platforms are not subject to traditional financial regulations, which can pose regulatory risks. For example, governments may introduce laws and regulations that restrict the use of cryptocurrencies or platforms may be shut down.

Poor user experience: The user experience of cryptocurrencies and decentralized platforms may not be optimal. For instance, platforms may have complex interfaces that require users to have technical knowledge and experience. Additionally, transaction speeds may be slow and there may be delays or glitches in the platform's operations.

Security issues: Cryptocurrencies and decentralized platforms allow for anonymous transactions, which can lead to security issues. For example, users may be vulnerable to hacking or scams, and it can be difficult to recover lost funds. Additionally, the value of cryptocurrencies can be subject to market volatility, which could result in losses for investors.

Security includes technical security and transaction security.In addition, how to retrieve the forgotten wallet address is also one of the security guarantees.

Technology is developing and improving all the time, and technologies that can surpass the security of existing cryptocurrencies are not permanently safe, and dangers and frauds exist all the time.  What does new technology bring to people?  this is what i care about

If supported by a large number of practical application scenarios, the possibility of this type of currency entering the circulation stage will be greater.

With my keen sense of smell, it seems that something milestone like new has emerged. Do you know when the official will provide a detailed introduction? I don't want to miss its release.

Is such technology really possible?  Where is the specific introduction?  Or are there related papers?

What do you mean are you talking about not using the internet to make transactions?
I went through your posts in the forum and you seem to be navigating to this content, and I am really wondering how it works or any material you would like to refer to any project you mentioned or not?
Personally, I simply think that in an era where the internet is almost too popular, crypto is only a small part of that ecosystem, the positives and negatives are all up to us to judge, no there are so many problems that I see the case you mentioned.

As time goes, there are lots of improvements being made since scammers and hackers are also working to find the lope hole in this kind of technology and obviously, they have been using it for their own advantage. On the other hand, developers are continuing to improve both the security and assurance of the project they are offering for their investors, and whoever does it very well, they are the one who is gonna get huge numbers of followers and investors for example Binance and the likes of it that are continuing to develop and update their project to become one of the best throughout the time.

We cannot say that this is true if we assume that the total number of people who have used, bought, or heard of encrypted currencies or digital money is 500 million people, as this number is less than the general population, and since the influence of Facebook, for example, is greater than the influence of bitcoin.


Frankly, I did not see the idea, but let's take Grin as an example, as it is a similar idea
GRiN — THE MIMBLEWIMBLE BLOCKCHAIN It perfectly matches your description, however, over a year ago, it did not have a high value compared to some of the non-technological assets behind it that gained popularity. the value of such structures may appear after 10 to 20 years.

Decentralized platforms do not have a centralized control mechanism. Users have the responsibility for their own data and information and have the freedom to choose whether or not to share it with others.

I would like to know exactly what the decentralized structure of the new technology disorder you mentioned is, how it solves the technical obstacles of the original decentralized platform, and how it realizes offline transactions

new technology? For currency encryption, or decentralized? Sounds innovative

Digital currencies are great, and decentralized structures are great, but they are mentioned too many times.  For an excellent digital currency, these are not enough. It must have sufficient recognition and support from some projects, plus enough holders, and absolute security.  value.

Offline transactions? and special technical support? Is this a new currency coming soon, or is it already there, I haven't noticed it yet, can you tell me? grateful. . .

I have forgotten a lot of things. If I accept this wallet and currency, how can I solve it if I forget it in the future?

As we all know, digital currency transactions are very convenient, but there is a fatal disadvantage, that is, it must rely on the Internet. If a technology that enables offline transactions is developed, it should lead human life to a higher level. You can give me the link I want to know a thing or two too

The mistake people are making is that there is likely going to be a lasting solution to all these security issues which I doubt, what people fail to recognize is that anything that is hackable will be hacked it is just a matter of time, another thing is the human factor, most of these hacks are as a result of social engineering and not true hacking in its actual sense, if you are not security conscious you will be hacked, bank accounts are being hacked every day because people willing release their information to hackers online, even if it is offline, virus can slip into your laptop and phones and upload your information once you are online. Education is the best solution to this, people should be educated on what to do and not to do online, especially with their wallets

Offline transactions should be happen until sign, but broadcasts still need the internet. We life in a world where must connect to a network which can be connected if have the internet. I know we can use the satellite, but must have a lot of settings that can't we do if are not tech savvy.

most likely can't be fixed because of different situations, he must brute force his password by using tool like Bitcrack.

They sacrificed their network decentralization but transaction fee, gas price are still not cheap.

Ethereum blockchain is still the most expensive chain for transaction fee. Will they solve it with another upgrade to scalability?

There are always cons and pros.
Because for example on Ethereum: they can solve the scalability of the network but risk the being decentralized of the network.

So for me, most of those claiming that they are decentralized cryptocurrency projects right are indeed not decentralized. There are a lot of projects like this. They thought that once they are already a cryptocurrency project, they already a decentralized which is really not.