Is Blockchain Secure
The value of Bitcoin and other virtual currencies seems to vary a bit. Three months ago, Bitcoin was trading at about $47,000 and today it is trading at about $21,000.
But, while that could be a big problem for some speculators, that is not what I am concerned about.
The core behind all of the virtual currency and distributed finance technology is distributed ledger technology, generally referred to as blockchain, although there are other, related technologies too.
But there is a small problem. All of this is implemented by software and, in case you have not noticed, software, no matter what software, has bugs in it.
DARPA, the federal research agency associated with advanced research for the Defense Department, commissioned a study to find out if distributed ledger technology really is distributed and secure and the results were not a surprise to me. Learn what they found.