Cryptocurrencies and Security

Blockchain is popular for its security features. What’s the backbone of its security? Cryptography is. Each participant on a blockchain network possesses their keys. This key is an equivalent of the digital signature. If a hacker alters a single transaction, all the peers present on the network will be immediately notified. The personal key corresponding to that transaction will become inactive. What it means is that to hack a blockchain network, the hacker has to alter more than 50 per cent of the network at the same time. Owing to its decentralized setup, blockchain data security and blockchain network security are often considered sophisticated and impermeable.

But what does it mean for the security of cryptocurrencies and in terms of accepting crypto payments? Developed on blockchain security protocols, is the world of cryptocurrency and crypto payments that secure? If there are no significant cryptocurrency security issues, why do we need crypto security companies? What about cryptocurrency exchange security? We will discuss all these aspects of blockchain security, crypto security and crypto wallet security in our latest article!

Continue reading in the NOWPayments blog!

_______________________________

Why use NOWPayments.io?

NOWPayments is the easiest way to accept online payments in a wide variety of cryptocurrencies. This service is custody-free, has competitive fees and is available worldwide.

  • Over 50 cryptocurrencies are accepted on the platform with an in-built exchange feature;
  • API, widgets, plugins and a donation button are all easy to integrate;
  • It is a non-custodial service ensuring the security of your funds;
  • A very simple setup

Crypto happens — accept it NOW!

--

--

--

NOWPayments.io is an awesome service for easy and smooth crypto payments processing. We believe in simplicity — no excess. Made by ChangeNOW.io

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

To infinity and beyond: the future of payments

Can Ethereum scale 100x in the next few months?

Why the poor will save the world

Yumi & D Plus AMA: Enter The Gateway To Metaverse

Looking Glass Education

Why Binance has become my Favorite Crypto-exchange.

Intercontinental Exchange Launches Bakkt Ecosystem

Hotfriescoin: A Real-World Digital Currency

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
NOWPayments

NOWPayments

NOWPayments.io is an awesome service for easy and smooth crypto payments processing. We believe in simplicity — no excess. Made by ChangeNOW.io

More from Medium

Stablecoins: What, How, And Why? (2022 Edition)

DeFi Degens: How To Protect Yourself

A synthwave picture of a pink sun and mountains.

Introducing Axxeleum: The Journey to Sustainable DeFi Returns