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Crypto currencies are widely used by hackers and the darker side of the web to make illegal and unfair affairs. It is being done for a pretty long period of time. However, it cannot be stopped; it can at least be restricted to some extent. 

The dark web first came into play in 1970s. It was actually a term to denote private networks which had a high level of privacy. But it has come a long way from being the innocuous system it used to be. Gradually it has become the ultimate hub for the communication and planning of criminal activities. To facilitate their trade the crypto currencies, most especially- Bitcoin, became the currency of choice.

Trendon Shavers conceded that he ran 150 million dollars Ponzi scheme. This came shortly after Tomáš Jiříkovský was caught in Czech Republic after he tried to steal thousands of Bitcoins for a darket market. There are many cases where individuals or groups have embezzled a sum of money from a crypto currency exchange. 

There are a number of reasons why the darkweb is using the crypto currency as their weapon of choice. Crypto currencies use blockchain technology as their foundation. This is a decentralized way of making transactions or payments.  It becomes extremely beneficial to activities on the dark web when you can execute transactions without leaving a trace. The crypto currencies generate a special address with every transaction. Even though the address is traceable, it cannot be completely traced back to the original owner. Now this is a dream come true for the dark web. Through the blockchain technology, the transactions are made in a really secure manner. The black market dealer is getting a reliable and secure means to get their transactions done which otherwise would not be allowed on other payment platforms like PayPal. They are getting intrusion from the government through crypto currency. It is estimated that at least 47% of transactions involving Bitcoin are done on the dark web. The criminals are getting a wider range of autonomy compared to the traditional ways of transactions. In fact, tech-savvy individuals can make huge transactions on the network. There are relatively low cost of transaction and the process is also very speedy. The hackers are doing their business by making the victim click on a link which will direct them to their scams. They can easily make transactions and it cannot be traced back to them. The government can keep tracks through the traditional ways of transactions. But with this form, they will surely face a number of difficulties to track or restrict such activities. 

The term crypto jacking means that the unauthorized use of someone else’s computer to mine crypto currency. Just with a simple click on some malicious link, hackers can trap their victim in this scam and inflict their computer. The practice is rampant as it doesn’t even require any special technical skills. It is a simple method for hackers to make more money with lesser risks. Crypto mining continuously generates money rather than the ransom worthy sum they used to get earlier. Crypto mining code might include multiple versions to account for different architectures on the network to increase their ability to spread across a network. 

Since 2017, the value of crypto currency shoots up and then it plunges down. But people are using it as investments in case the value skyrockets anytime soon. If it does, it can be so that the black web is going to come up with new methods to inflict their illegal activities. 

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Crypto currencies have played a major role to boost the startup ecosystem.  Both crypto currency and blockchain technology has been very transformational in nature over the years. The blockchain technology has proven to be really effective globally and it is being adopted on a really wide range. So let’s have a look at how the new crypto currency has boosted the startup ecosystem?

The crypto currency, blockchains and startups together are a new step towards an efficient future.  Logistics, cyber security and policy enforcement, all have adopted the blockchain technology as it is really proving efficient. But are there are ally any major advantages that blockchain technology has on these cases in terms of transfer? The record keeping technology is based on a distributed ledger system. Your information is kept in a verifiable and permanent format. It is protected using PoW or PoS. it record every transaction in successive blocks. It can also be retroactively overwritten or modified. Simply by increasing productivity and reducing costs, the technology has the potential to add a major amount to the economy. The development of the IndianChain NITI Aayog, can turn out to be largest government-sponsored blockchain project. It is not an easy task to implement the technology. The global network of miners secures and verifies crypto transactions as their rewards are paid through crypto currency. 

With the access to the blockchain community it opens up new doors for startups. You are able to contact and interact with world’s topmost entrepreneurs, developers, and investors. These are the people who are participating in the blockchain investing, consulting and building upon the blockchain. With more and more countries who have taken the initiative to promote blockchain technologies, the startup industry are getting even more help. This also helps the startups to develop new business opportunities with the blockchain technology. It is easier as there is no centralizes authority. It gives a sense of security and transparency for new startups. Aside from giving a global platform and reach, blockchain allows a decentralized way of building applications for them. Platforms like Ethereum have started offering companies an opportunity to use blockchain for free and to develop applications quickly using it.  

The counter currency can be considered as a gold mine for the future of startups. However, this is not limited to startups only. Anyone looking to partake in investment opportunities can join the network and invest in them. Another great thing is that it takes away the monopoly of venture capitalists and angel investors away. This means that it provides a chance for retail investors to invest in any breakthrough technology with this. It would have been rather difficult with the traditional private venture fundraising. 

As crypto currency provides a transaction with without any interference from a centralized authority, it is a golden opportunity for the net startups. It is rather cost effective and proves to be simpler and easier mode of transaction. This makes it easier for the budding startups.  It can also be used as an alternative to the regular methods of payment between several networks. 

Crypto currency is a method that has changed the way funds are raised during the initial stage of start-up. With the introduction of ICO as the go-to medium to raise capital it offers Initial Coin Offering to any investor in exchange for their investment. This means the startups can now avoid selling or sharing a stake of their company to the investors. 

Therefore, it is no wonder that crypto currencies are kind of a life saver for any budding startups. With fund risings and a secure future, this can shape the structure of a country. …