Ive just read about an article saying that Largo can eliminate cybercrime risks from trust-dependent markets. Whats your thoughts?
Well, the article is pretty nice I think. Largo has the improved privacy and security in order to eliminate cybercrime risks
Cybercrime occurs due to the data from centralized system are stolen (eg. Credit card which is consist of personal info of user). Meanwhile, the decentralized platform like Largo provides smart contracts that guarantee a real time payout. It is developed by small groups of people which are not centralized like banks.
Agree. As the decentralization of crypto is rising, it is also an excellent opportunity for cybercriminals. This issue then made Largo to have a strong protection by implementing proper cyber security protocols ad practices.
You got your point here. Cannot agree more that Largo is one of the best cryptocurrency projects in securing its system.
Largo has a high-end security, the combination of the state-of-the-art Proof-of-Stake consensus design, that ensures loyal user-enabled legitimacy of transactions
In decentralized finance, users have insurance of the security of their wealth on the technical level and can send and receive funds safely without the need of a validation from a central authority. Meanwhile, in the traditional financial systems, custodial institutions put their client’s wealth and information at risk if they fail to secure it.