Cryptocurrencies has exploded in popularity and in number, driven in large part by the phenomenal price growth of Bitcoin and Ethereum. With such rapid growth and so many implications for the legal industry, practitioners must familiarize themselves with the use of cryptocurrency.
Once you understand what cryptocurrency is, you’ll also need to understand how it works and why people use it. In part two of our series, we’ll discuss the technical mechanisms behind blockchains and their shared databases, while explaining the motivation behind why users use cryptocurrency.
The evolving growth of Cryptocurrency poses new implications and litigation for eDiscovery and legal practitioners. With laws constantly changing for Cryptocurrency, what do we need to know to de-anonymize currency and implement for financial litigation and regulatory proceedings?