13 Sep '13, 6pm

Bitcoins - Secured by NSA designed Encryption or Backdoored

Bitcoins - Secured by NSA designed Encryption or Backdoored

It’s been nearly three months since Edward Snowden started telling the world about the National Security Agency’s mass surveillance of global communications. After the last week report that the National Security Agency has leveraged its cooperative relationships with specific industry partners to insert vulnerabilities into Internet security products. Bitcoin , a virtual currency, a peer-to-peer electronic cash system, which is generated on a logarithmic scale by dedicated miners who run software that generate the complex hash codes which make up a Bitcoin. The integrity of Bitcoin depends on a hash function called SHA-256 , which was designed by the NSA and published by the National Institute for Standards and Technology (NIST). Is it hard to believe that could the intelligence community have a secret exploit for Bitcoin? While there is no evidence yet to support the spec...

Full article: http://thehackernews.com/2013/09/NSA-backdoor-bitcoin-enc...

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