Bit by bit - calls for bit licensing grow Phone Number List louder in the wake of global cyberattack Published: 2021-08-09 Netanella Treistman of Israeli law firm Yigal Arnon & Co. examines the growing pressure on governments around the world to issue Phone Number List Bitcoin licenses to manage cryptocurrency-related issues Earlier this month, hackers launched a global cyber attack that reportedly hit more than 150 countries, including public Phone Number List and healthcare systems and personal computers.
The attackers demanded payment in Bitcoin to Phone Number List unlock the computer and return the data. Bitcoin is an unconventional, decentralized cryptocurrency based on open source software, invented by Satoshi Nakamoto in 2009. All Phone Number List Bitcoin transactions are stored on the blockchain, a distributed ledger and record Phone Number List keeping system. In mid-May 2017, Bitcoin’s market cap was around $28 billion.
Bitcoin payments are considered a transparent Phone Number List and neutral payment method with low transaction fees and can be used anywhere (where the internet is available) without revealing the identity of the party. On the other hand, some of the Phone Number List advantages of blockchain can also be seen as challenges, especially those Phone Number List related to digital identity, privacy and cybersecurity.