Caribbean Blockchain Alliance has come out swinging against a claim from eCurrency CEO Jonathan Dharmapalan that blockchain technology is a “vulnerable security mechanism”. The claim was made in an article published recently by the Jamaica Observer which said Jamaica’s digital currency is ‘more secure than Bitcoin’. In the article, Dharmapalan shared that Jamaica’s central bank digital currency will be superior in security to Bitcoin because it does not use blockchain technology.
However, in a blog post on LinkedIn, the organisation wrote: “We wish to contest some of the claims made by the company quoted in this article, in relation to the pros and cons of blockchain technology. This is mainly, but not limited to, the assertion that blockchain uses a ‘vulnerable security mechanism’. This is objectively false.”
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