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Privacy and Security on Blockchains

https://perfectial.com

Decentralization of everything, the great new idea of which the web can’t stop babbling, might still seem a bit utopian if you inspect it closely.

Yes, blockchains are likely to reshape our economy, or a huge part of it, and benefit considerably those who are currently unbanked.

They might also facilitate the creation of rating/reputation systems that are not controlled by any single entity and thus allow people (say Uber drivers who’d like to work for Lyft) to switch employers without having to establish their credibility anew.

They might give users complete control over their assets; protect them, to a degree, from being robbed and provide tools to sustain privacy even when a state-level actor – a bank or a government – is after their identity.

But before these things start to happen the issues of privacy and security, which are currently pressing on blockchains, must be dealt with.

In this article, we’ll discuss how some major networks are trying to tackle the problems of safety and dispense advice to those using decentralized ledgers as to how to keep their assets protected at all times.

Let’s get started!

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Created by Galyna 28 weeks 4 days ago – Made popular 28 weeks 3 days ago
Category: Technology   Tags:

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