The Beacon Network: The New Face of Crypto Security
The world of cryptocurrency is always changing, and the need for better security is more pressing than ever. That’s where the Beacon Network comes in. This groundbreaking initiative is all about fighting crypto crime while trying to keep that user privacy intact. So how does it work? What does it mean for decentralization? Let’s break it down.
What is the Beacon Network?
The Beacon Network, developed by TRM Labs, is a cooperative effort that connects law enforcement, major crypto exchanges, and other crypto entities. The goal? To share real-time intelligence to stop illicit activities like money laundering and fraud. By flagging and freezing suspicious funds in real time, the Beacon Network aims to make it harder for criminals to wash…
