Blockchain basics

Three rookie concerns about business blockchain security

Bitcoin wallet
Bitcoin was the first successful cryptocurrency (crypto). The technology that enables Bitcoin is blockchain. The majority of businesses deploying blockchain applications are not using cryptocurrencies, so some common business blockchain security concerns don’t apply. One of the things that worries people is they hear about crypto hacks, and understandably assume all crypto and blockchain is insecure. This is not the case. The Bitcoin blockchain has been running for more than nine years without a central authority, and nobody has managed to hack it, even though Bitcoin runs on thousands of machines operated by strangers. How does this tally with the security concerns you’ve read?

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