Security (60)

Proof of Reserves (PoR) is a relatively new concept in the financial space, and its potential as an auditing method is still being explored. PoRs are cryptographic proofs that the amount a custodian o

Plugging more people into the global financial system requires developing new tools to fit their needs. From self-custody to staking, Proof of Reserves, and more, crypto brings new solutions to the ta

You should be hearing more and more about Proof of Reserves but can you explain the difference between a token’s Proof of Reserves and an exchange’s Proof of Reserves? Here’s our quick recap, in simpl

Publishing transparent and frequent Proofs of Reserves (PoR) is crucial for centralized exchanges who want to prove their solvency. OKX uses [Merkle tree verification](/learn/merkle-trees) to prove th

As cryptocurrency continues to gain popularity, protecting the safety and security of customer funds is crucial. One way to achieve this is through Proof of Reserves (PoR) audits, which provide transparency and verification of a platform's solvency.

Blockchain technology promises to revolutionize the world of online payments, in fact, many feel that it already has. Unlike traditional banking, it can deliver international payments almost instantly

 Phala Network is a decentralized cloud computing network built on blockc

*By Sen Xu, U.S. Head of OKX Engineering* US-based tech companies typically place engineering careers onto two distinct tracks – Individual Contributors (ICs) and Managers. The success metric for ICs

A recent report revealed that crypto scams are up by 45% since 2022. With the sophistication of artificial intelligence and the resulting rise in deep fakes, the crypto community has to remain more vigilant than ever.

As cryptocurrencies like Bitcoin and Ethereum grow in popularity, so does the sophistication of scams that exploit unsuspecting traders. These scams can involve fraudsters impersonating trusted entities or influential figures in the crypto space to deceive individuals into sending them cryptocurrency, or divulging sensitive information.

Scams have unfortunately emerged as a prominent and persistent challenge in the crypto space as bad actors lurk in the shadows. Backed by advanced technology and tools, these scams have become increasingly sophisticated and harder to identify.

Have you ever considered the most secure method to store your cryptocurrency? A hardware wallet provides an essential safeguard solution for your cryptocurrency assets by keeping them offline. Unlike hot wallets, which can be susceptible to cyber-attacks, hardware wallets securely contain the private keys you need to gain access to your digital assets.

What is DYOR? DYOR is the acronym for 'do your own research'. DYOR embodies the individualistic spirit of crypto that encourages each person to conduct their own research to decide when to buy, sell, or hold certain crypto tokens to make sure they're making the right choices based on their trading strategy.

It's tough to overestimate how disruptive cryptoassets have been to the traditional financial system. The industry provides a compelling alternative, as it aims to create a fairer and more equitable system for all. At the same time, the ripples of this disruption have reached security and ownership, guided by crypto's core concept of decentralization.

In crypto you'll often hear about counterparty-risks and how Bitcoin was built to mitigate them. But can you explain in simple terms what they are and why they matter? Here's our best shot at explaining it all, with some high-profile historical examples.

A blockchain address is a unique identifier for cryptocurrency wallets and smart contracts. This umbrella term refers to the string of characters that serves as a destination for cryptocurrency transactions (in the case of a wallet) or allows users to interact with a smart contract (in the case of smart contracts).

As the world of cryptocurrencies continues to evolve, understanding the different types of wallets available is crucial for secure and convenient management of digital assets. TL;DR Explore the concept of Web3 wallets

When it comes to Web3, self-custody refers to absolute ownership of your digital assets, without relying on a third-party intermediary. It means that only you hold the keys to your cryptocurrency wallet. Losing your recovery phrase and private keys results in losing access to your wallet, along with all stored assets. Additionally, if your private keys end up in the wrong hands, your funds can be stolen. The standard practice has been to write down your phrases and keys physically and store this paper securely to prevent digital hacks.

Embarking on your crypto journey is a bit like setting sail in a vast ocean of digital possibilities, where each ripple in the blockchain holds the promise of a new frontier. Central to this expedition is the selection of the right crypto wallet to securely store hundreds of crypto assets, like , , and . Beyond storing assets, a digital wallet also allows you to . The decision on which wallet will shape the security of your digital assets and crypto trading experience in the ever-evolving world of cryptocurrencies.

The conversation around crypto regulation is louder than ever in 2023, but the global picture is still evolving. Important steps forward have been made, including Europe’s [Markets in Cryptoassets (Mi

Do you want to keep up with the latest cryptocurrency promotions but aren't sure which are legitimate? If so, you're not alone. The increase in crypto promotional scams has become a significant concern. These typically entice traders with the prospect of exclusive airdrops or special offers, often through social media endorsements from influencers or deceptive marketing tactics.

Have you ever been sent a direct message on your preferred social platform, asking you to join an airdrop? Did you later realize that the name seemed suspicious, with a "1" instead of an "i"? These scams artfully blend technology with psychological tactics to exploit the unwary. Common strategies include offering unrealistically high returns on your deposited funds, stealing sensitive personal information for extortion, and creating elaborate phishing schemes that mimic legitimate crypto platforms.

Cryptocurrencies empower us to take charge of our assets, yet this power requires responsible choices. You have many options for managing your digital assets: trusting an exchange, opting for custodial services, or embracing self-custody. In this article, we navigate the landscape of self-custody, providing insights into practical methods for securing and managing your crypto assets independently.

Have you ever wondered why so many people are intrigued by the XMR cryptocurrency? Originating as an integral part of the Monero project, XMR stands out for its commitment to privacy, empowering users to conduct transactions anonymously. This privacy-centric token is built on the robust and innovative technology of the Monero blockchain, which applies cryptographic techniques to shield transaction details.