Why some hackers are ditching bitcoin for a cryptocurrency called monero

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  • CNBC Television published this video item, entitled “Why some hackers are ditching bitcoin for a cryptocurrency called monero” – below is their description.

    For years, bitcoin has been the currency of choice for virtually all ransomware attacks because it isn’t controlled by a central bank or government, but hackers are now starting to request less traceable, more anonymous bitcoin alternatives. CNBC Tech Reporter MacKenzie Sigalos joined Worldwide Exchange on Monday with the details.

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    Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.

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    A cryptocurrency, crypto-currency, or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.

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