The possession and distribution of child pornography is currently illegal in over 100 countries. When researchers found links and images to sexually explicit content of underage persons it posed a threat to the multibillion dollar Bitcoin industry.

The “blocks” of the blockchain, store records of transactions, small notes and files. When a blockchain was investigated (1,600 files), researchers found hundreds of links to child abuse, the dark web and child pornographic images.

One of the researchers explains that due to the decentralized nature of blockchain technology, users are constantly downloading, receiving and storing content on their blockchain. This means that users would be liable for questionable content loaded onto their blockchain.

Read the full story here

Related Video:
Bitcoin Cryptocurrency Advice Bangkok