Making Blockchain Safe and Secure, a Balancing Act That Never Ends

Blockchain technology has become synonymous with privacy and security, but those very characteristics have been put to the test over the past decade. With historical roots embedded in cryptography, many blockchain and cryptocurrency projects purport to offer unbridled security and privacy measures. The industry is split between public blockchain platforms like Bitcoin and private or permissioned blockchains focused on enterprise use.

Cointelegraph has previously explored the ins and outs of privacy concerns around blockchain technology, but the security of these systems is a major consideration on its own. In the years since Bitcoin’s (BTC) inception, a multitude of cryptocurrencies has been created, along with numerous blockchain projects in the private and public sphere.

The sheer number of working parts and industry participants means that vulnerabilities have been identified and exploited over the years. This is despite the best efforts of those involved to create the most…