How To Secure Your Cryptocurrencies
▻https://hackernoon.com/how-to-secure-your-cryptocurrencies-93b419e15fde?source=rss----3a8144eab
Decentralization places the responsibility of loss squarely on our own shoulders1.0 Gone ForeverAt least 26,500 Bitcoins, 430,000 Ether, 11,000 #bitcoin Cash and 200,000 Litecoin have disappeared forever.This was due to the death of a #cryptocurrency exchanges founder, who was the only person to know the private keys for the “cold wallets” used to store the exchanges various cryptocurrencies.The founder, 30 year old Gerald Cotton who founded the cryptocurrency exchange QuadrigaCX, unexpectedly died whilst in India due to complications from Crohn’s disease on the 9th of December 2018.QuadrigaCX is one of Canada’s largest cryptocurrency exchanges and it is estimated that the dollar value of the lost cryptocurrencies is at around $147 Million.Other reports put an estimate at over $250 million for (...)