Cryptography Pioneer Nick Szabo Touts Blockchain Tech's Security

Cryptography Pioneer Nick Szabo Touts Blockchain Tech's Security

Smart contracts pioneer Nick Szabo has lauded the security benefits of decentralised monetary systems built using blockchain technology. Speaking at Ethereum'sDEVCON1 conference, held in London today, Szabo - often rumored to be the creator of bitcoin - gave an overview of the blockchain's history and highlighted the security inefficiencies of centralised systems typically used by traditional finance institutions. Centralisation is insecure, said Szabo, before noting mainstream finance's reliance on government and law enforcement officials for security: "This is one of the reasons why....


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