Online privacy is becoming increasingly important in today’s interconnected global society.Data has surpassed oil as the world’s most valuable resource, and we continue to see a year-over-year upswing in cybercrimes.
You see, criminals tend to follow the trail of money. If there’s an industry with loads of funds flowing through its ecosystem, the vultures descend.
We see it time and time again — large, allegedly secure organizations have their servers breached and their customers’ data gets kidnapped and sold in a foreign land.
Ten years later, after the horrors of World War II, George Orwell published 1984, which described a dystopian future far less comforting than Huxley’s, and was positively terrifying in many ways. A cypherpunk is any activist advocating widespread use of strong cryptography and privacy-enhancing technologies as a route to social and political change.
Now, even more treacherous than standard online environments is the land of crypto. Lurking around every corner of the blockchain are digital pickpockets that can’t wait to claim your assets all for themselves.
The crypto space is mainly unregulated — giving bad actors plenty of opportunities to take advantage of the uninformed.
And by using a privacy coin, you’re not transacting your way through crypto networks with a giant target on your back.
However, there’s more to privacy than keeping your finances out of the wrong hands.