Crypto’s Undoing
For proponents of blockchain technology, some of its biggest strengths lie in the fact that open-source digital ledgers are under no one’s control, and that transactions, once made, can’t be tinkered with.
On major blockchains like Ethereum, anyone can be involved in operations, and no one party should have veto power — a hallmark of a so-called permissionless system, where everything is governed by computer code. Immutability of transactions is a key part of this democratic system, designed to ensure that no government, corporation or any one person can ever alter or “censor” the blockchain.
The same features can also mean headaches for end users. If you accidentally send money to a wrong address, or if someone steals your coins or your Bored Ape NFT, that often means there’s no one to help. The coins are gone forever (unless your losses are big enough for law enforcement to bother with; even then, recovery isn’t guaranteed).
Until now, most people have agreed to...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...