Cryptocurrency Quotes

“Using an example of how this would work in a more relatable scenario. If you were to imagine a hacker accessing the computer system of your bank and transferring all your funds from your own account into his and deleting all evidence of the transaction, existing technology would not be able to pick this up and you would likely be out of pocket. In the case of a blockchain currency like Bitcoin, having one server hacked with a false transaction being inserted into the database would not be consistent with the same record across the other copies of the database. The blockchain would identify the transaction as being illegitimate and would ultimately reject it meaning the money in your account would be kept safe.”
― Chris Lambert, Cryptocurrency: How I Turned $400 into $100,000 by Trading Cryptocurrency for 6 months

“Rather than having a single file that can be easily corrupted, altering how the cryptocurrency operates, there a number of copies of that same file that would need to be altered in the same way. This means it is virtually impossible for a hacker to crack the database due to the fact the data can simply reinstate itself to keep the chain of data secure. This allows the data to be protected for a fraction of the cost without requiring highly expensive cyber security software and services. ”
― Chris Lambert, Cryptocurrency: How I Turned $400 into $100,000 by Trading Cryptocurrency for 6 months

“Even with a network of computers belonging to a company stretched across the world, the data is generally only required to be backed up around 3 to 5 locations. Additionally, billions of dollars are spent in order to protect these databases. In the case of a blockchain database, the data can exist on thousands of computers around the globe at a fraction of the cost. ”
― Chris Lambert, Cryptocurrency: How I Turned $400 into $100,000 by Trading Cryptocurrency for 6 months

“cryptocurrency,”
― Chris Lambert, Cryptocurrency: How I Turned $400 into $100,000 by Trading Cryptocurrency for 6 months

“Any cryptocurrency can be used for one thing and one only: gaining access to the Blockchain Platform. The power and capabilities of this platform determine the value of each cryptocurrency, this is what cryptocurrencies are backed by: not gold, not silver, not a government system, but by their Blockchain platform.”
― Chris Lambert, Cryptocurrency: How I Turned $400 into $100,000 by Trading Cryptocurrency for 6 months

“subject”
― Chris Lambert, Cryptocurrency: How I Turned $400 into $100,000 by Trading Cryptocurrency for 6 months

“reduce”
― Chris Lambert, Cryptocurrency: How I Turned $400 into $100,000 by Trading Cryptocurrency for 6 months