The crypto market has experienced rapid growth in recent years. However, behind this tremendous potential lie serious challenges related to security and privacy.
What many people are asking is what are the main challenges faced in protecting the security and privacy of users in the crypto market? How can the crypto industry overcome these challenges?
With KYC verifications, privacy has decreased but security has increased a notch. It actually depends on what aspect of security or privacy you want. According to some, KYCs are things that should not be in the crypto market, according to others, it is the opposite. Even in terms of security and privacy, we cannot say exactly what it should be. Some points need attention, but not everyone agrees 100%. There should also be some features that distinguish crypto from banks. Therefore, rather than answering this question in general, security and privacy questions should be answered one by one.