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Updated March 21, The multi-billion-dollar markets behind cryptocurrencies are in jeopardy after child abuse images were found in bitcoin's blockchain. German researchers have analysed more than 1, files in the technology required to access the cryptocurrency and found 99 per cent are texts and images, including some illicit pornography and other outlawed content.
The blockchain is the underlying technology that makes cryptocurrencies possible. It is essentially a public ledger of all the transactions ever made in the currency and keeps a record of which user owns what and stops the coins from being copied.
However users can leave "non-financial data", the analysis of which has found links and attachments that "contain content to be considered objectionable in many jurisdictions". Because the blockchain underpins the cryptocurrency, bitcoin users must maintain a complete local copy of the complete blockchain. Interpol warned in that the blockchain could be embedded with malware or other illegal data, including child abuse images. Researchers found the blockchain contains at least eight files with sexual content — five showing, describing, or linking to "mildly pornographic content" and three with content "objectionable for almost all jurisdictions".
The German research of legal jurisdictions around the world found the sexually explicit content found in the blockchain could affect the users in "at least countries in which possessing content such as child pornography is illegal". The study concluded there was "a wide range of objectionable content [that] can cause direct harm if possessed by users". Not all of them, for example religious content, are risks Australian bitcoin holders are exposed to. First posted March 21, If you have inside knowledge of a topic in the news, contact the ABC.
ABC teams share the story behind the story and insights into the making of digital, TV and radio content. Read about our editorial guiding principles and the enforceable standard our journalists follow. You've probably heard her story, what happened in the laneway behind a Kings Cross nightclub. Now she's speaking publicly for the first time as a warning to others. There's never been a better time for tax reform.
But as governments have tried and stumbled over the years the burden has shifted to individual taxpayers and the latest budget looks no different. Donald Trump's company tax cuts boosted US equity markets and stimulated growth, while also overwhelmingly favouring the wealthy.
They offer no support for trimming company tax here. German researchers have found the bitcoin blockchain unlocks more than users are aware of. The blockchain is essentially an unchangeable public ledger of all bitcoin transactions "Non-financial data" in the blockchain includes illicit pornography and other outlawed content Interpol warned in the blockchain could be embedded with malware or other illegal data. Bitcoin explained Can't tell a bitcoin from a blockchain? Read our explainer to see how the cryptocurrency works.
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Got a news tip? Editorial Policies Read about our editorial guiding principles and the enforceable standard our journalists follow. The young woman whose rape case put consent on trial By Louise Milligan You've probably heard her story, what happened in the laneway behind a Kings Cross nightclub.
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