Enhancing Cryptocurrency Security

Enhancing Cryptocurrency Security

Vivek Jaswal

Chandigarh School of Business, Jhanjeri

vivekjaswal14@gmail.com

Abstract:

Cryptocurrency, a decentralized frame of computerized cash, has picked up ubiquity around the world. In any case, its broad selection has brought consideration to noteworthy security concerns. This paper presents a exhaustive examination of cryptocurrency security, distinguishing key challenges and proposing arrangements to support the security of advanced assets. The paper starts by talking about the foundational innovation of cryptocurrencies, specifically blockchain, which offers straightforwardness and unchanging nature but is defenceless to assaults such as 51% assaults and double-spending. It at that point digs into security dangers related with cryptocurrency capacity and trade stages, counting wallet vulnerabilities and hacking incidents. Current security best hones, such as multi-signature wallets and cold storage solutions, are analysed, alongside rising innovations like zero-knowledge proofs and homomorphic encryption. Furthermore, the part of administrative systems in advancing cryptocurrency security is investigated, highlighting the require for a adjusted approach that energizes advancement whereas securing investors. In conclusion, guaranteeing the security of cryptocurrencies is basic for cultivating believe and widespread adoption. By tending to vulnerabilities and executing vigorous security measures, partners can relieve dangers and open the complete potential of advanced monetary forms. This paper contributes profitable experiences to the continuous discourse on cryptocurrency security and recommends roads for future inquire about in this energetic field.