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Cryptopolitan 2020-02-09 23:30:06

CBDC privacy implications: Centralized location leads to data leaks

As countries continue to key into the Central Bank Digital Currency (CBDC) technology, the tech has proven to have its privacy limitations (CBDC privacy implications). This is according to doctoral research that explains how states try to regulate cryptocurrency. The primary contention about CBDC brought up in the research: Storing immense amounts of data in a centralized location has not always been successful, often leading to data breaches and leaks. Furthermore, there would be easier access to data since hackers would only have to compromise a smaller number of nodes, compared to the amount of nodes in a public decentralized network.

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