Cryptocurrency Markets Have Dropped a Ton in the Last 12 Months

Last year has taught the crypto industry and those investing in it some harsh lessons about the future of digital currencies. Never use a token you created as collateral, as FTX, Celsius Network and Teraall did. Crowdsourcing audits is inherently more scalable than a centralized review. Centralized companies like FTX that have tied their fortunes to coins without proven value will ultimately only wrong their consumers and disadvantage themselves.