Our goal is to relocate network services from the internet and move them over to the blockchain. How is this possible? With ECCâs multi-chain, what is possible on the internet will be possible on the blockchain; but in a more secure environment.
Two new vulnerabilities called Meltdown and Spectre, or speculative execution side-channel vulnerabilities, have been discovered in modern processors that allow malicious programs to steal information from the memory of other programs.
Coinbase is insured against theft or hacking on all amounts above and beyond what is held in the hot wallets. In the event of a hot wallet breach, Coinbase can easily absorb any loss without having to dip into their $100m plus war chest. Should there be a cold storage breach, funds are insured.