Wolf at the Door: Bitcoin Rivals Ready to Take Over as Criminals Choice of Online Currency – Bitcoints

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Published on May 19th, 2017 | by bitcoin

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Wolf at the Door: Bitcoin Rivals Ready to Take Over as Criminals Choice of Online Currency

Money is sent from one anonymous online “wallet” to another with no need for a third party to validate or clear the transactions.
Bitcoin addresses are anonymous, but users can be traced through IP addresses or by analyzing money flows.
But some have suggested that the fact that the WannaCry hackers demanded bitcoin shows how amateur they are.
But sometimes, he said, the offenders make as obvious a mistake as withdrawing money from a bitcoin wallet directly into their bank accounts.
That is why the Monero attack did not demand a ransom, but rather used the infected computers’ computing power to create new currency.

Source: News.google.com

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