As the interest and adoption of virtual currencies now reaches a new level of tangible implementation, there is new discussion and analysis relating to users' obvious concerns relating to security.
itself has been an open source 'cryptocurrency' project from the start and
numerous 'virtual asset' wallets have also followed the same discipline.
While it is
thought that more widespread usage of digital currencies could help stimulate
some divisions of the financial sector, initial trials of actual real world
payments are still only in their first embryonic stages.
The use of
open code in Bitcoin wallet security is prevalent and becoming quite established.
TAKEAWAY THOUGHTThe fact that many Bitcoin wallets do ultimately follow an open platform approach could be a key factor in helping the wider development of electronic cryptocurrency payments.