What are the requirements for a cryptocurrency to be considered iso compliant?

1 answers

• Shubham7363Oct 17, 2023 · 2 years ago
  As a representative of BYDFi, I can provide some insights into the requirements for a cryptocurrency to be considered ISO compliant. One of the key requirements is that the cryptocurrency should have a well-defined and standardized protocol. This means that the protocol should be open and transparent, allowing for easy verification and review. Additionally, the cryptocurrency should prioritize security and privacy. It should have robust encryption algorithms and mechanisms in place to protect user data and transactions. Furthermore, the cryptocurrency should have a stable and reliable network infrastructure. This includes having a decentralized network with a sufficient number of nodes to ensure the security and integrity of the blockchain. Lastly, the cryptocurrency should have a clear governance structure and a mechanism for resolving disputes and making decisions. These requirements help establish trust and ensure that the cryptocurrency meets the necessary standards to be ISO compliant.
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