Thread: How far will cryptocurrrencies go for security?

How far will cryptocurrrencies go for security?

Zcash go nuclear to generate random numbers to ensure security of digital coin in latest step by cryptocurrencies gain acceptance

The security of cryptocurrencies is an issue for some people. The founders of digital coins know that stories about exchanges being hacked damage their image.

For cryptocurrencies to be commonly used by the general public they must gain trust. The same trust that people have in the bank coins and notes they use to buy goods and services.

The developers of privacy-obsessed digital coin zcash have gone to unique (and extreme) lengths to ensure their digital currency’s security.

Zcash used nuclear waste from the infamous Chernobyl power station to create low-level radiation. This was converted into random numbers to generate zcash’s public cryptography parameters.

Extra layer of security for cryptocurrencies

To add a further layer of security, and hence prevent the code from falling into the wrong hands, they flew around 1km above sea level over Illinois and Wisconsin to carry out the procedure.

Many still need convincing about the relevance and legitimacy of cryptocurrencies. However, John McAfee believes they will be commonly used by half the world within the next five years.


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Security is a big issue in Forex world here some brokers use cryptocurrency and some use bitcoin to ensure security of transaction. I am trading with Trade12 broker where I can transact with mostly USD or EUR. I have full security of funding there and they allow almost all transaction medium and cash back withdrawn money in just time. They take all through proper steps to ensure high security of funding.

People are now actively rushing towards Crypto currency investment. Bit-coin; Naga-coin; Etherum; Lite-coin; etc. now have become potential investment fields. My broker AAFX is providing me opportunities to invest in Bit-coin and I can trade BTC in exchange for USD; as my broker providing me BTC/USD pair to invest in Crypto currency. And I personally feel that trading with Crypto currencies can be a money earning source but traders have to be very careful while trading with these virtual currencies.