As Bitcoin continues its walk to become “conventional” and in current use, it turns out that its increasing price rates are not the only thing that suffers a sudden increase. There is new research to note that popular cryptography now consumes more electricity than more than 20 countries in Europe.
What is Bitcoin?
We can refer in generic terms that it is a virtual currency created in 2009, based on the peer-to-peer (P2P) system. P2P is a system that does not provide for centralized authority to control currency or transactions, as with other currencies (for example, the INR. is controlled by the RBI). Instead, money creation and transfers are based on an open-source network in encrypted protocols that form the basis of Bitcoin’s security and freedom, making transactions instantaneous among users. The invention of a mysterious computer guru, who referred to his pseudonym Satoshi Nakamoto, this coin is created by means of a very complex mathematical formula. As we told earlier that crypto-coins are fashionable and there is a great investment in them, however, we have already been observing some schemes of fraud around the theme. Now the problem has hit the App Store with one of the most popular crypto store services to see its name associated with a paid, fake app and today has topped the top 3 of the most purchased in the finance segment of the tech giant Apple’s application store. MyEtherWallet is one of the most popular crypto-storage services and it has now seen the App Store simply to get an application under its name that guarantees to be fake, priced at $4.99. This app has risen to the ranking of the most popular applications of finance of the application store of Apple, arriving today to the third place. The process of checking and analyzing apps before they enter the Apple store is thus undermined, with MyEtherWallet notifying your Twitter account that the app is fake: “THIS IS NOT OURSELVES.”
PS: We are #Foss4Lyfe https://t.co/SmI8cqNvxA — MyEtherWallet.com (@myetherwallet) December 10, 2017 MyEtherWallet is a web service that has no app available for iOS, and the whole service is free, so charging money for the App becomes even more serious. It is not yet known how many people were “caught” by the app, but the cryptocurrencies of these users may be concerned and may have been stolen, something that has not yet been confirmed. The success of this app may be due to the increase in the value of Bitcoin that these days was around $16 thousand, and is currently $14 thousand. However, the tech giant Apple has not yet talked about the case and the app is still available in the app store. So, what do you think about this fake crypto wallet app? Simply share all your views and thoughts in the comment section below.
