Cryptocurrency exchanges have been under fire so far this year, as hackers have kept on targeting them and other events hurt the confidence users have in certain platforms. Atomic swap technology is set to revolutionize the way we trade cryptocurrencies and more. As CryptoGlobe covered, a Chainalysis report has found that 60% of cryptocurrency exchange hacks were the work of two major players, dubbed “Alpha” and “Beta.” Alpha was described as a “giant, tightly controlled organization partly driven by non-monetary goals” that appeared eager to “create havoc as to maximize profits.”
Tag: crypto tech
Blockchain technology is taking over the world. Cryptocurrencies saw an unprecedented boom in investment in 2017. While the cryptocurrency market capitalisation peaked at $ 800 billion and has seen a correction to $ 131 billion in December 2018, the adoption is increasing at a rapid pace. The technology where a distributed ledger was able to securely log transactions anonymously gave us Bitcoin, the world’s largest cryptocurrency. Furthering the use cases, project team at Ethereum built Smart Contracts based on blockchain.