Topic: Bitcoin Hack? (Read 173 times)
Its possible on papers but close to impossible in practical
In the near future, no. Your Bitcoin is not likely a to be hacked through classical computing attacks. However, there is a 15% chance quantum computing will render bitcoins current encryption methodology vulnerable. So if you are looking at a time frame of 7-15 years, then yes. That is when the risk of loss in Bitcoin may increase. Financial and governmental institutions are already making preparations because of the infrastructural necessities of post quantum security.
It can not be hacked as it is a public ledger and it continues to flow through from one seed to another and never stays at one place as whole. Which means the risk is already taken down for hacking it. On the other hand bitcoin itself is secured with private keys, so getting into ones account would take forever to break that chain. Blockchain is like same case as swift code which has not reported any hack cases and thus blockchain neither as it is far stronger than it.
All of possible directions of attacks well and detailed described in Bitcoin Wiki https://en.bitcoin.it/wiki/Weaknesses
Over the years we've seen how bitcoin has become the pioneer, god of cryptocurrency. This community is the result that bitcoin is working fine and after 9 years it has still maintained it's integrity and we as a community will not let it die.
I want to know has Bitcoin ever been hacked? Has it ever had any issues with security? And no i'm not talking about the exchanges being hacked. I'm talking about the blockchain network it offers.
I want to know has Bitcoin ever been hacked? Has it ever had any issues with security? And no i'm not talking about the exchanges being hacked. I'm talking about the blockchain network it offers.
For the years that I have become invested on Bitcoin or the times and all those research that I have poured in to the studying of bitcoin and its market. I do not think that we have an instance in which the whole of the bitcoin network was havked and that is fue to the coins being mined and not being kept somewhere in one whole place where it is just for the taking of the hackers or tothose opportunistic people.
Over the years we've seen how bitcoin has become the pioneer, god of cryptocurrency. This community is the result that bitcoin is working fine and after 9 years it has still maintained it's integrity and we as a community will not let it die.
I want to know has Bitcoin ever been hacked? Has it ever had any issues with security? And no i'm not talking about the exchanges being hacked. I'm talking about the blockchain network it offers.
I want to know has Bitcoin ever been hacked? Has it ever had any issues with security? And no i'm not talking about the exchanges being hacked. I'm talking about the blockchain network it offers.
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