RE: What is Ransomware? How does it work?

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Good topic. I am wondering, do you think crypto will decrease the prevalence of ransomware or have no impact?



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Well, I believe the center of ransomware actually is crypto, as it is the foundation for making people pay to the hackers in secret without sharing bank account numbers or anything else.

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Over the long-term I believe crypto will have a positive impact. Crypto is a tool, a tech, in it's infancy. Aviation, for example, took a while before it became the driving force behind the modern economy. I believe we will one day see crypto increase Interent security overall. Though, the reason I asked was that I do not fully understand technically. I am still looking at broad applications like:

  • BTC for security
  • ETH for large enterprise solutions (IBM, Amazon, etc)
  • EOS for developers and dapps
  • and then there's WAX for gaming

In the case of WAX and other streamlined blockchains, I wonder about security, but then there are projects that use BTC to check/insure on the back end.

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