Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Full Bitcoin Blocks Provide Added Protection Against Cybercriminals and Affect Bitcoin Price, Study Finds

Full Bitcoin Blocks Provide Added Protection Against Cybercriminals and Affect Bitcoin Price, Study Finds

CointimeCointime2023/10/27 17:57
By:Cointime

New research from Florida Atlantic University and the University of Mississippi suggests that blockchains with "full" blocks and transaction queues provide an extra layer of protection against fraudsters and money launderers. The study, titled "Bitcoin Blocksize, Custodial Security, and Price," examines the Mt.Gox crash and other instances of cryptocurrency theft from exchanges. The researchers found that cybercriminals prefer to launder stolen bitcoin quickly, and that full blocks act as a deterrent to hackers and scammers by signaling network congestion and a rise in network security that affects bitcoin price. The study also found that block fullness is 20% lower on average during incidents of cryptocurrency breaches or fraud.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Avalanche9000 Upgrade Goes Live, Boosting Web3 Development

Avalanche, a fast-growing blockchain, has just launched its biggest upgrade ever, called Avalanche9000.

Altcoinbuzz2024/12/18 23:35