Blockchain is not private | Bitcointalksearch.org

imstillthebest

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Quote from: Dimas99 on November 11, 2018, 04:33:07 PM

Quote from: revive7up on October 14, 2018, 03:51:30 AM

Security on Blockchain is one of the key features that attract users towards technology. The issue of global privacy protection is constantly evolving into new changes in privacy protection technology. I expect the market to be the anonymous privacy of blockchain provide an open technical support and reliable for the digital world.

in my opinion what you say is very true maybe the blockchain system will someday be used by all countries in the world and of course the blockchain system can eliminate corruption

just so you know . block hain technology is already being used by most people in most parts of the world but in the form of cryptos . about corruption , i dont think that it can totally eliminate it . corrupt officials can still do shady business just before the election will start but blockchain technology can help secure the votes in a private manner and it cannot be modified anymore once the data had been procesed .

CBANX Ltd.

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Security of blockchain technology is the biggest feature of this so many users attracts to this technology. blockchain technology is not private because it main purpose is transparency.

gesdan

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as i know blockchain system is the most secure system right now, but we need to see that the blockchain is transparent, so all people can see inside the transaction and all data. only see without manipulating it. so with that action i think blockchain is secure enough

Lunalionn

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Although Bitcoin has gained a reputation as an anonymous means of purchasing illegal goods on the dark net, the public ledger means that it’s actually possible for anyone to view the transactions that are taking place, even if the blockchain doesn’t tell you who each of its digital wallets belongs to.

marcbitcoins

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Sounds true but we are not also even sure that the data that we give in the banks, house utilities, social medias and even in job application is 100% safe therefore their is no guarantee to them all but we just make sure that they are all legit to ensure that our data will not be stolen.

[ProTrader]

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It's not easy for an average person to understand security protocol in Blockchain technology. You have to explain it in a layman's term. Blockchain is not private because it has a purpose mainly for transparency.

Dimas99

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Quote from: revive7up on October 14, 2018, 03:51:30 AM

Security on Blockchain is one of the key features that attract users towards technology. The issue of global privacy protection is constantly evolving into new changes in privacy protection technology. I expect the market to be the anonymous privacy of blockchain provide an open technical support and reliable for the digital world.

in my opinion what you say is very true maybe the blockchain system will someday be used by all countries in the world and of course the blockchain system can eliminate corruption

leetcoiner

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Quote from: gezhid008 on October 14, 2018, 02:20:04 AM

If you really want to understand blockchain technology and invest in new projects, you definitely need to read the data security laws. I've seen so many Dapps that offer opportunities to free people, free data or create open markets. Cool, but the white paper doesn't say how to store these extremely private, sensitive data controlled by a highly developed set of international data security laws, does it? Data privacy on the blockchain is integrated with the underlying chain, or built in the top layer, which will create a huge market that is critical to expanding consumer-grade applications.

The blockchain in the first place is the transparency of the data, and not security. Of course, if your payment in the form of a transaction suddenly disappears in the process of transfer, there is no one to send claims. If you care about security and want to keep data secret from other users, I advise you to read the literature about it or at least watch the training videos on YouTube.

mweezy

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By bulding your platform on hyperledger i guest it will be secure and private, because Hyperledger is a permission-ed Blockchain which can be deployed as an enterprise private network.

mekie

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Did anyone really think that blockchain is totally private? I always assume that all transactions be they to banks or via banks, from one person to another or using blockchain can be tracked and identified. The main advantage of blockchain is it is a whole lot harder. It needs the resources of a state organisation such as MI5/6 CIA/FBI, Mossad etc, or a group of very very skillful individuals to follow the trail.

karsy

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As for me, it's good that I can check my transaction and the transaction of anybody, It's very comfortable to check status and nobody can hide this info.

aray80

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Yes because, every bitcoin transaction we do will be stored in Open Ledger which is distributed into the bitcoin network and every data from the blockchain is connected to each other where if there is a change in one of the data blocks it will affect the next data

aryaadikariyansyahsuwarto

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This Is Promissing Project

The blockchain is not a secret, but the user data is confidential. Don't use something like that. blockchain is the word generally, while the secret is user data such as transaction data and data ..

Nasonn

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I think blockchain is of two types, public and private Blockchain. Ethereum, Bitcoin and Litecoin for instance are a public blockchain, Hyperledger is a private Blockchain.

mktcollier

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Many of the cryptocurrencies are not private and the data exposed in the blockchain can be observed openly and some hackers can reach the identity of the owners or subtract the funds, although that risk is minimal, it is best to work with totally private cryptocurrencies such as Ultrapoint ( UPX), where you can have lifetime accounts, visit: http://www.ultrapoint.net/

Conasse

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Culotte Jaune Officielle

The blockchain doesn't need to be decentralized to bea real blockchain. There are a lot of difference between a blockchain and a database using cryptography. Cryptography can be just a password lol
Distributed ledger is a recorded and sync'ed ledger on a network

Hivalley

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Blockchain is not private,its transparent,and to maintain a fair level of transparency,its got to be at least less private and more open to the public

Everyone on the technology can view and see transactions undergone in the blockchain technology,so it's definitely not private but such public data happen to be unalterable,so it's safe and secure with covers for it's lack of privacy

larkinvain

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Users always want to be safe and secure, we need our privacy should be kept in secure. yes, blockchain is not private so many organization already with this technology and blockchain is highly transparent. It's really horrible if our transaction can be seen easily so we need a better solution to hide our transaction information.

MainIbem

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Fully Regulated Crypto Casino

The blockchain is a public domain and when you submit information, you don't expect it to be private anymore. What is a problem is how such information is reused. Data manipulation can occur and impersonation can take place where information is not securely preserved. Therefore exchanges and other sites are developing high-brow security architecture to protect user information.

Stac

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Bitcoin is a great creation introduced by a company or a person till it is considered a mystery in the world of crypto's .Even though Bitcoin is introduced by Satoshi Nakamoto all IT and banking sectors claim that block chain is the real and great invention of Satoshi Nakamoto of this era. Block chain is the unique characteristic of Bitcoin that records every single transactions made on its network in a public record. In other words block chain is said to be a digital ledger stored in a distributed network . There are private block chain and public block chain any body can take part in public block chain since it is an open source where no one is in charge of it but in private block chain there is only a single one who can take part . Public block chain is fast and cheap and no need of much energy to be spend .Both type of block chains are decentralized one.

Topic: Blockchain is not private (Read 944 times)