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C4 proposes security rules for cryptocurrency companies

Wednesday 18 February 2015 13:19 CET | News

The Cryptocurrency Certification Consortium (C4) has proposed a set of rules for security protocols used by companies that handle digital currencies.

The proposal aims to provide a standard by which exchanges and wallet providers can operate. The Cryptocurrency Security Standard (CCSS) draft proposal calls for 10 standardized approaches to key and seed generation, storage and usage, proof-of-reserve and security audits, among other areas. The framework consists of three levels per section, with each grade signifying a higher degree of security based on the proposed guidelines.

Cryptocurrency Certification Consortium (C4) offers a bitcoin-focused professional certification test and its board includes Canada-based Bitcoinsultants founder Michael Perklin, Ethereum creator Vitalik Buterin, CryptAcademy founder Russell Verbeeten and Coindroids co-founder Joshua McDougall.


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Keywords: Bitcoin, online payments, digital payments, cryptocurrencies, security rules, Cryptocurrency Certification Consortium
Categories: DeFi & Crypto & Web3
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Countries: World
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DeFi & Crypto & Web3






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