The Importance of Cold Storage

The Quadriga CX scandal is a reminder of how important properly cold-storing your own crypto is. The advent of cryptocurrencies brought with it a paradigm shift in the way we think about money. Instead of relying on a government-issued currency that is stored and kept track of at a centralized bank, cryptocurrencies rely upon mathematics and computers for creation, distribution, and storage of value. They greatly reduce the inevitable corruption that occurs within highly centralized money systems and transfer responsibility to the individual as opposed to some other organization. With this responsibility comes control, power over corrupt organizations, and peace…...