Why do hackers want payment through BitcoinsWith the effect of Ransomware, everyone got curiosity towards Bitcoin because hacker asked the attacked users to pay ransom note of $300 Bitcoins. But,
- Why did hacker ask to pay through bitcoins? and
- what is Bitcoin?
- What is the value of single bitcoin?
- How much worth will it be in future?
- Is it possible to make free Bitcoins?
When you transfer money either by bank/wallet to someone,that transaction needs to be authorized and should be processed through the mediator i.e., either Bank/Wallet company. This mediator knows the details of both sender and receiver and has to work with regulations of government. So here, there is a chance of leaking sender, receiver and transaction details to some other third parties. But the case is different with bitcoin. The transactions you make using the currency are completely anonymous. Whenever a customer trade in bitcoin, a private key associated with their wallet is used to generate a bit of code. That code is publicly associated with customer transaction but no personal identifying information. Thus, every transaction is recorded and securely signed in an open ledger that any one can read and double check. So one of the probable reason why hackers chose Bitcoin as a form of payment is to protect their identity.