IDG Contributor Network: Blockchain: It's not just for finance anymore
You’ve probably heard about Bitcoin, the virtual cryptocurrency that has often been associated with illegal activities and the “dark web.” Indeed, it’s been a favorite way for drug dealers, for various criminals, and for hackers who take over machines and then demand “ransomware” to get paid.
Since Bitcoin transactions are secure and essentially untraceable, it makes life much easier for undercover transactions. Of course, there are many legitimate uses for Bitcoin as well, and many mainstream institutions have begun accepting it as payment.
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