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Cybersecurity Law & StrategyFeaturesCryptocurrencyCybersecurityTechnology Media and Telecom

Cryptocurrency Risk Is Not So Hidden

By J. Eric Wise
September 01, 2023

"Today, we routinely use the results of combined technology advances in at least three fields – communications, computers, and cryptography." — J.V. Boone, A Brief History of Cryptography

Cryptocurrency is indeed the result of the intersection of communications, computers, and cryptography. From the Greek word kryptos, meaning hidden, cryptocurrency establishes security over transactions in coins synthesized in cyberspace, permitting only those persons controlling the private keys (a number, often described as "alphanumeric," reflecting its high radix or base) to an address on a public distributed ledger to transact in the coin. This cryptographic process permits the party controlling a public address to remain anonymous and undetectable, while at the same time secure from most risks other than loss of the private key.

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