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Topic: Bitcoin Core Developers say Altcoins are unsecure - page 2. (Read 1981 times)

sr. member
Activity: 476
Merit: 501
There are scam coins and alt wallets with malware inside. You can never 100% know what you are downloading.
Weaker network, compared to Bitcoin, it is almost nothing.
Algorithm and features not fully tested, so they are more prone to have unknown vulnerabilities.
Other algorithms like PoS have other known vulnerabilities, like some kind of 51% attack by having more than 50% of the coins
legendary
Activity: 3724
Merit: 3063
Leave no FUD unchallenged
For proof of work coins, the more people who are mining and the higher the hash rate, the more secure that network becomes.  Bitcoin's hash rate dwarfs everything else out there at the moment.  This means if some people have a sizable amount of hashing power and turned it towards a smaller coin, they could control more than 51% of that coin's network.  Other coins that don't use proof of work may be considered more vulnerable because their networks aren't quite as well distributed, or possibly even entirely centralised, which means you have to trust who ever is running it.
 
sr. member
Activity: 518
Merit: 250
at 21:52

https://www.youtube.com/watch?v=m2q9pItnO0U


So my question is: Why are Altcoins unsecure?
Not all, but some alt coins are trojans or pump & dump.
legendary
Activity: 1316
Merit: 1000

The more popular a coin, the higher the price, the more people mine = more computing power distributed = more secure coin.
legendary
Activity: 994
Merit: 1000
at 21:52

https://www.youtube.com/watch?v=m2q9pItnO0U


So my question is: Why are Altcoins unsecure?
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