Bitcoin's blockchain contains child abuse images, meaning the cryptocurrency's possession could be 'illegal'
Posted in: Legal & Security at 21/03/2018 21:38
The multi-billion-dollar markets behind cryptocurrencies are in jeopardy after child abuse images were found in bitcoin's blockchain.
German researchers have analysed more than 1,600 files in the technology required to access the cryptocurrency and found 99 per cent are texts and images, including some illicit pornography and other outlawed content.
The blockchain is the underlying technology that makes cryptocurrencies possible.
Child abuse imagery found within bitcoin's blockchain
German researchers have discovered unknown persons are using bitcoin’s blockchain to store and link to child abuse imagery, potentially putting the cryptocurrency in jeopardy.
The blockchain is the open-source, distributed ledger that records every bitcoin transaction, but can also store small bits of non-financial data. This data is typically notes about the trade of bitcoin, recording what it was for or other metadata. But it can also be used to store links and files.