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ConsenSys CEO Joseph Lubin Discusses Crypto Security and User Protection

ConsenSys CEO Joseph Lubin Discusses Crypto Security and User Protection

ConsenSys CEO Joseph Lubin identifies the significant security issues faced by the cryptocurrency industry as unparalleled; he has described it as the “most difficult” thing in the history of software.

In an interview with Cointelegraph’s Managing Editor Gareth Jenkinson, Lubin stressed the need for strong security measures while comparing these early days of crypto to those banking.

He emphasized that there is always room for enhanced technology development against vulnerabilities just like it has been seen in securities of olden days banking systems being made more robust through various technological advancements.

Lubin cautioned against growing threats as more sophisticated attackers continue to target the space where transactions are made without trusted intermediaries such as banks or governments.

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Hence he urged people not to follow any financial advice given on social platforms, send money out unless it is necessary and avoid clicking links from suspicious emails or websites . For added safety measures, digital assets should be stored in cold storage devices.

Furthermore, Lubin made a comparison between early internet days with what is happening now in terms of decentralization saying that unlike internet which had no live financial systems behind its design; decentralizing trust systems marks nothing less than global reorganization.

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

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