Cameron and Tyler Winklevoss of the Gemini Exchange claim to have built a better vault system to protect their customers’ bitcoin and cryptocurrency assets.
Gemini Brings On a Bigger, Better Vault
One of the big questions meandering through the crypto space as of late is, “How can we ‘insure’ people’s money? What can we do to protect money and ensure it remains safe from hackers?” After so many instances involving lost funds and personal data over the years, the question makes complete sense.
One of the big problems in the crypto space is the fact that many exchanges are not employing cold storage tactics. Many of the major hacks that have occurred in the past few years, i.e. Coincheck in Japan, are largely blamed on the exchanges themselves for utilizing hot wallet…