Article | REF: H5538 V2

Cryptocurrencies and blockchains - How to create trust

Author: Jean-Paul DELAHAYE

Publication date: December 10, 2020, Review date: December 9, 2020

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6. A few points to remember

There are a few good truths to know about bitcoin, and more generally about all cryptocurrencies of the same type. Bitcoin is sometimes misunderstood, probably because it's so complex! It's often misunderstood, and whether you're for it or against it, there are often a few basic things you don't know about it. Here is a partial list of these neglected truths, which it would be useful to keep in mind at all times. Some seem to serve bitcoin well, others suggest that we should remain cautious.

  • The mathematical risk of a bitcoin collapse exists

    Even "in the cold" (in your digital wallet on the hard drive of a computer not connected to the network and switched off) your bitcoins can disappear instantly. Indeed, bitcoin's dual-key signature system (ECDSA with the secp256k1 curve) has never been proven unbreakable. This...

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