Is A Crypto Collapse Inevitable?
LLRX
JUNE 25, 2023
Jerry Lawson and Elizabeth Southerland identify technical reasons why the crypto bubble is bursting, including the fact that theoretically unbreakable encryption schemes like those underpinning blockchain have proven to be less than impermeable in practice, as users of Coinbase discovered upon losing fortunes. Attackers go after the weakest link in the chain, usually the way in which the algorithm is implemented.
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