Cryptocurrency - The operational risks of holding crypto

∟Reference Citations in 2022

∟Cryptocurrency - The operational risks of holding crypto

'Ethereum Public Key and Private Key Example' tutorial was cited in a mourant.com guide in 2022.

The Ethereum Public Key and Private Key Example tutorial was cited in a mourant.com guide in 2022.

Subject: Cryptocurrency - The operational risks of holding crypto
Date: 2022-02-22
Author: mourant.com
Source: https://www.mourant.com/file-library/media---2022/cryptocurrency
  ---the-operational-risks-of-holding-crypto.pdf

The appeal of distributed ledger technology (DLT) lies in its ability to
replace the need for trust in intermediaries, relying instead on
cryptographic proof. The removal of a third party intermediary in
transactions on a distributed ledger (DL) creates an ecosystem where
'code is law' and which proponents argue can result in increased
certainty and immutability. However, the decentralised nature of the
system exposes holders of cryptocurrency 'coins' or 'tokens' (Coins) to
various operational risks.

Public keys – the risk of typos

A public key typically shows as a 30-plus character alphanumeric string.
(Example ETH public key: 63FaC9201494f0bd17B9892B9fae4d52fe3BD377 
(EXAMPLE ONLY) courtesy of https://www.herongyang.com/Ethereum/Ethereum-
Account-Public-Private-Key-Example.html)

In comparison, a Wi-Fi password is generally only 8-10 characters long.
As anyone who has tried to type in a Wi-Fi password can tell you, it can
be difficult to correctly input each number, letter and capitalisation
in an alphanumeric string on the very first attempt.

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