Poor Bitcoin Security

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internet securityThe article you are about to read highlights the security of Bitcoin infrastructure and provides its in-depth analysis as compared to commonplace fiat currencies. The general perception of Bitcoin is that it is a highly secure decentralized type of currency bolstered by strong, military-grade cryptographic algorithms. Furthermore, the holder of “digital cash” doesn’t have to disclose any personally identifiable information when transacting, as opposed to providing a credit card number and security code in a regular payment scenario. It is also generally believed that although Bitcoin-related services have been breached a few times, threat actors never compromised the underlying protocol.

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