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?
There are some major criteria for safety in the crypto market and ecosystem and you must make sure that you are applying them. Even if you take enough security measures, it means that your accumulation of small an error is steam. If you have decided to enter the crypto market my first advice is to be very careful. We confirm the security criteria without reading and we initially make our safety unprotected. If we want to choose the exchanges that are traded in the crypto market, we need to give a number of information to the other party, which helps to create an insecure environment. Although we do not want to use central stock exchanges, we are forced to. The fact that the volume formed in the CEXs is not satisfactory and the lack of enough environment for trading pushes us to the central stocks. That's why we're not strict about privacy. KYC is a must in the crypto market. For this reason, we need to focus on different things instead of KYC.
I think that the crypto industry has not done enough work in security. So we can make our own assets safe by taking simple safety measures ourselves. Be sure to actively use the authentication of two -factor identity and adopt the method of fishing. This is a small step that makes a big difference. The people here already know other simple steps. Finally i can already say that the crypto industry does not take into account the privacy and will collect more data in the future. KYC and AML will become widespread rapidly.