Cryptocurrencies, or virtual currencies, like Bitcoin have taken over the world of virtual cash exchange by a storm that has reached billions in market capitalization. Taking a look at Bitcoin, for example, it was started in 2008 as a “peer-to-peer electronic cash system” that is not monitored by a central authority. Simply put, it became a fast and easy way where individuals can exchange digital cash much like simply sending files.
The rapid growth of cryptocurrencies became widespread where more and more individuals have invested in this type of digital cash. Nowadays, even banks and governments recognize cryptocurrencies where investors have entered the arena.
However, all the positive news about cryptocurrencies has also attracted hackers and criminals to take advantage of cryptocurrency and exchanges. Hackers try to enter a cryptocurrency user’s account and transfer the digital funds into his own without being traced. With the emergence of a new digital curren...!DOCTYPE>