Topic: Do you believe BTC can be attacked? - page 7. (Read 885 times)
We have an extraordinary uniqueness in Bitcoin, and to date nothing has been so threatening to the security of Bitcoin as to actually wreak havoc with a breach. Poly is clearly very different, in terms of advantages and also the credibility of the contract makes Bitcoin much more difficult to penetrate. After all, behind the resilience of Bitcoin there is a protective force that until now has really kept Bitcoin from being attacked.
There's lots of speculation in other projects such as POLY. Someone found a bug and decided to get advantage of it. The problem lies on the attention that is given to it as a speculative tool, before it is even fully tested.
Bitcoin had never experienced such scenario in the past, but the Poly network and Bitcoin are incomparable. For example, Bitcoin's whitepaper is 9 pages long. Poly's on the other hand is 41. This will discourage someone from occupying themselves with it technically. They also supposedly solve different problems.
The causes of bugs are due to the ignorance of the developers and to the lack of new interested parties willing to review the code. So I'd say that Bitcoin is far more secure in terms of backdoors.
Bitcoin had never experienced such scenario in the past, but the Poly network and Bitcoin are incomparable. For example, Bitcoin's whitepaper is 9 pages long. Poly's on the other hand is 41. This will discourage someone from occupying themselves with it technically. They also supposedly solve different problems.
The causes of bugs are due to the ignorance of the developers and to the lack of new interested parties willing to review the code. So I'd say that Bitcoin is far more secure in terms of backdoors.
I just remembered the poly network heist, one of the biggest heist in the history.
Is there also a possibility BTC can be hacked?
If it is, I bet every currency will start to declined.
How safety BTC security for you?
Want to know veterans answers.
Is there also a possibility BTC can be hacked?
If it is, I bet every currency will start to declined.
How safety BTC security for you?
Want to know veterans answers.
Poly network is using smart contract and they have some vulnerability on there code that's why it was hacked. Bitcoin is running for more than a years and the code is design without any centralization to control it. Meaning you can't change the code unless the majority of miners vote for it unlike poly network which the developer alone decides on the code of smart contract. The only attacked possible for BTC is to flood the mempool by spam transaction so that it's network will slow down and cause panic to all users. But hack like happening on other blockchain with smart contract is not possible.
I just remembered the poly network heist, one of the biggest heist in the history.
Is there also a possibility BTC can be hacked?
If it is, I bet every currency will start to declined.
How safety BTC security for you?
Want to know veterans answers.
Is there also a possibility BTC can be hacked?
If it is, I bet every currency will start to declined.
How safety BTC security for you?
Want to know veterans answers.
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