Threats of the Crypto Universe

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Hi there!

This is crypto universe oversimplified!

Don’t forget to check out the previous one:

The Fourth Dimension of the Crypto Universe

Today, we are talking about threats of the Crypto Universe.

There are two threats of Crypto: external and internal. In addition, there are two layers of security build-in for each cryptocurrency: cryptographic techniques (wallet with pair of keys) and consensus mechanisms (blockchain).

External Threat

Hackers bring external threats. Not all hackers are evil, but some are.

Why can hackers steal from the Crypto Universe? The goals hackers want to achieve are:

• To gain access to your crypto wallet
• Attacking the blockchain
• Attacking the smart contract