04 Apr '15, 10am

ReTw

ReTw

The technology behind Bitcoin and the blockchain is secure; we know this because it leverages mathematically proven cryptographic protocols. Known as the Elliptic Curve Digital Signature Algorithm (ECDSA), they “ensure that [Bitcoin] funds can only be spent by their rightful owners.” However, this level of security doesn’t always transfer to the businesses and applications offering services in the Bitcoin industry today. People who register for Bitcoin services are instructed to create a strong password and to keep it somewhere safe. This small piece of information is often the most they’ll ever hear about how to keep their account secure. They might use a secondary measure called two-factor authentication (2FA), which traditionally comes in the form of: A token - standalone pieces of hardware which display a code Email or SMS - a code received via email or SMS text messag...

Full article: http://cointelegraph.com/news/113872/security-is-more-tha...

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