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The Dark Side Of Cryptocurrency || Steem Alliance

sagor1233 - 2024-02-25 16:42:12

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A new phase of fundamental change in the digital world has emerged in the world of cryptocurrency dark sites. If you don't listen to this brainstorming, you can still be curious about the vast history and past here.


Cryptocurrency is a decentralized or private value stream that does not depend on a centralized bank or government. It is implemented through a cryptographic protocol, which creates a new way to provide security for a horizon or basic identity. It fundamentally enables transactions between users and builds models within the system.


![image.png](https://cdn.steemitimages.com/DQmfSfKGfyQGonpMzYEyDYHoV7kFY4w2WUr8Vnnts4rM66i/image.png)
Image by master1305 on Freepik


The online world of cryptocurrency has created an image of being healthy and free of ambivalence, but currents of truth about its dark side are emerging. It has been experienced for the invisible and unregulated activities due to cryptocurrency, which has brought our society to the crossroads of existence.

A hard truth is that the lack of personal information can be a question when using cryptocurrencies. Transactions in cryptocurrencies can be highly confidential, which can serve as a medium for hackers. This can lead to hackers' targets for exposing users' personal information, enabling them to commit identity theft, and more.


![image.png](https://cdn.steemitimages.com/DQmQ9tk3zGWimJrE3hSWrsi3mzaAvWMAHyEMMbtFvYctdod/image.png)
[Source](https://www.freepik.com/free-vector/cryptocurrency-blockchain-realistic-miner-black-hood-computer-against-digital-screen-bitcoins-net_6801343.htm#fromView=search&page=1&position=0&uuid=39fba1b2-56e7-4ac2-96d8-b6120704a836)

Likewise, cryptocurrency is becoming a popular medium for hacking and phishing types. Hackers can consistently do this business to obtain or defraud users' personal information. This can be done before users are informed and prepared by lying and deception.

Another sneaky preparation is cryptomining malware. Hackers are able to install malware on users' devices, through which they can mine cryptocurrency. Users may engage in online activities with mods unknown to them and even without their consent to mining. It is a help with unobtrusive dividends to the users.


![image.png](https://cdn.steemitimages.com/DQmR6UCHxocd9nYdTdRZNQCA6ooDJpWi8BHN7Psd69u4ed5/image.png)
[Source](https://www.freepik.com/free-photo/close-up-hands-typing-keyboard_19925215.htm#fromView=search&page=1&position=12&uuid=39fba1b2-56e7-4ac2-96d8-b6120704a836)





[**In this article I have tried to highlight only the dark side of cryptocurrency, but it can be a beneficial and charitable way if used carefully. So, with a better understanding and re-educating the users this mishap can come somewhere on both sides and prepare for a safe and secure preview.**](https://steemit.com/submit.html?category=hive-150122)













Published On:- 25 February, 2024







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