Tech blogs and financial websites like Forbes have been talking a lot about various cryptocurrency terms recently. This includes bitcoin, blockchain, etherium, crypto, and more. A lot of this is because the overall market of cryptocurrencies could exceed $100 billion according to some people in the industry.
Not everyone believes in cryptocurrencies by a long shot, though. For example, Jamie Dimon, the chief executive officer of JP Morgan Chase & Co, has said that cryptocurrencies are one of the most foolish things around. Their value isn’t actually backed by anything at all. He expects the whole industry to eventually blow up as people get wise enough to realize they don’t actually exist. He has gone so far as to state he’ll fire anyone trading digital currencies.
The Internet of Things is another new tech that tech blogs are buzzing about. However, there are also misgivings about this technology as well. Jason Hope a tech entrepreneur based in Arizona, has said that he sees IoT devices as transforming society but does admit there are legitimate concerns about their use, particularly their security. He says these issues need to be resolved for this type of technology to really take off with consumers and businesses.
Hackers are attracted to attacking IoT devices just like they are computer networks and individual computers. So far the security of most IoT devices is not nearly high enough, Jason Hope says. He says the smaller devices, in particular, don’t have enough computing strength to stave off hackers. He says everyone needs to begin using much more complex passwords to better secure these devices and he has also called on manufacturers to set higher standards when it comes to security. Jason Hope helps push anti-aging efforts forward.
Because everything that happens with a cryptocurrency is stored in a publicly accessible ledger it could be, at least in theory, thinks that cryptocurrencies are virtually hack-proof. Jason Hope and others have had the idea that blockchain could also help to secure Internet of Things devices. He has said that it provides assurance that the data is legitimate whenever a transmission of information is deployed.
Due to all the money involved in cryptocurrency and IoT a lot of experts think these two types of technology will inevitably band together. The internet wasn’t created for many of the ways it is being used today, Jason Hope has said, and perhaps these new technologies will solve all of the security issues that have arisen because of that fact.
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