Topic: altcoin can be hacked ? (Read 153 times)
It could be if the security measures are not preserved.
hacked as in what exactly?
there was an exploit available on monero and some other coins if i recall correctly, that allowed double spending somehow, although the monero team fixed this, but developers of other coins used the exploit.
Verge had an exploit a few days ago allowing people to get a lot of coins aswell but the Verge team said they didn't really care(?) their forum thread is here somewhere containing this info
there was an exploit available on monero and some other coins if i recall correctly, that allowed double spending somehow, although the monero team fixed this, but developers of other coins used the exploit.
Verge had an exploit a few days ago allowing people to get a lot of coins aswell but the Verge team said they didn't really care(?) their forum thread is here somewhere containing this info
I like the concept of altcoin. I believe the Internet will redefine currency as we know it. But, is it possible that it can be hacked?
yes, there is a chance that an altcoin can be hacked, cryptoccurency is being used by technology, so there is a high percentage that the information needed for it to open is possible to acquired by the hackers.
We can consider that it is practically impossible to invade a blockchain or an armored code platform, I'm no expert in the area much less master. Yet no system in the world is saved and the need for surveillance is constant, new strategies of attacks are made every day, but in relation to the crypto code locks they generate difficulties for a simple hacker attack and with that in mind, even if that occurs the possibility of resuming security is high.
as far as I know all the systems in this world that are integrated with the internet network will be able to be broken or hacked, but they also secure the internet integrated site so it is difficult to hack. but everything can be hacked
All systems are not perfect. there must be a weakness.
but so far there has been no news that blockchain has been hacked. but that often hacked is the website exchange, like news recently that the API Binance has been hacked.
I like the concept of altcoin. I believe the Internet will redefine currency as we know it. But, is it possible that it can be hacked?
my opinion it's cant be hacked.
i mean if u talk about blockchain some altcoin.
btw , maybe u need to read about What is blockchain
As altcoins are stored in the blockchain, not in a wallet. Blockchain hacking is nearly impossible and as so too hard for a hacker to directly steal your tokens from there. But your altcoins can be hacked from blockchain in a way if the hacker successfully gets your private key by a phishing attack and/or from malware installed on your PC like a keylogger or trojan horse. Also, they can steal your altcoins from an exchange by brute force, social engineering attack or bypass 2FA of your account.
Every other thing can be hacked if security measures arent keenly looked into, but cryptocurrencies including altcoins cannot be hacked asthey enjoy the protection of Blockchain.
What you need to understand about blockchain and cryptocurrency is this. For the moment, they cannot be hacked (at least, I refer to Bitcoin and all other blockchains who more or less take a cue from it).
The theory is that everything can be hacked with enough resources. And because no one has this resources, or will not want to spend it, for now crypto is unhackable.
The hacks you read about are all either exchanges, or smart contract flaws. Not blockchain hacks.
The theory is that everything can be hacked with enough resources. And because no one has this resources, or will not want to spend it, for now crypto is unhackable.
The hacks you read about are all either exchanges, or smart contract flaws. Not blockchain hacks.
It depends on whether the altcoin has a loophole, and in general, blockchains token are hard to steal.
So, if your computer is compromised, then it might happen.
So, if your computer is compromised, then it might happen.
I like the concept of altcoin. I believe the Internet will redefine currency as we know it. But, is it possible that it can be hacked?
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