Topic: Is Bitcoin Hack Proof or Not? - page 2. (Read 509 times)
I think that it is safer than others but there is no such a coin that no hacker would be able to hack. Today, there are many experienced and smart guys who know how to make so that it is possible to steal everything
So the question is if bitcoin is hack proof or not !
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The first thing i want to say that Till now there is no way of tracking Bitcoin transaction . There is not even any way to know where it comes from or goes . So it is absolutely impossible to trace the trade and the machine .. So there is no way of hacking it online or offline ..
Yes there is a way of hacking the coins if someone knows your wallet address and password of that there is a high chance of getting your bitcoins hacked ..
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The first thing i want to say that Till now there is no way of tracking Bitcoin transaction . There is not even any way to know where it comes from or goes . So it is absolutely impossible to trace the trade and the machine .. So there is no way of hacking it online or offline ..
Yes there is a way of hacking the coins if someone knows your wallet address and password of that there is a high chance of getting your bitcoins hacked ..
Basically Bitcoin is created as safe as possible but it's up to its use again, how they use Bitcoin. Who hacked their computers or devices and then took private key or even got scammed and kept saying they were hacked, and usually the case they didn’t explain the chronology specifically.
Nothing is hack-proof but BTC is so hack-resistant that it can be considered hack-proof for daily purposes. There of course is always a chance that new technology will scale computing power in one region so much that 51% will be possible (for example new type of computer that can main much faster but only one company has them)
51% attack is a real threat, I remember the moment when one pool had over 50% hash power of the whole but they were really careful about it, denied to accept new miners at that point
Bitmain is close to have the 51% and it can become a real issue
As bitcoin and cryptocurrencies are becoming popular every blessed day and have caught the attention of Government and other regulatory authorities looking into how the market could be regulated. A lot of people are entering crypto and often one of the important questions noobs(new) ask is that if they invest in cryptocurrency, is their money and will they not wake one day and their bitcoins are gone. I will try to answer this question and give reasons why bitcoin itself is hack proof.
Bitcoin is a digital currency in which transactions are encrypted using cryptography. The concept was developed in 2009 by an unknown cryptography engineer named Satoshi Nakamoto.He launched this digital currency with a vision to create a peer to peer digital currency that will be free from a central authority or a single administration. These features of bitcoin has made it to gain widespread adoption. Bitcoin itself is hack proof as the technology behind it, the blockchain makes it extremely resistible to hack. Once the blockchain verifies transactions on it, nobody can change the transactions.
But people claim there are still cases of reported bitcoin hacks but here there is misconception to what is referred to as bitcoin hacks. Hacks happen due to compromising of private(owner) key or password to a third party by the person in possession of the bitcoin. What I mean by this is that if you are careless with your wallets; where you save your bitcoin, an hacker or scammer might get access to the email address link to your wallet, access and get away with your bitcoin. People have lost their bitcoin as a result of this. Bitcoin can also be lost during the process of transactions on an exchange. Hackers can simply hijack the exchange and also steal innocent parties bitcoins. A famous example is the hack of Mt Gox Exchange.
So bitcoin itself is almost impossible to hack and it is extremely hack proof, the hacking of bitcoin comes from breach in wallets and transaction processes. It is important to take security measurements to protect one's assets.
Bitcoin is a digital currency in which transactions are encrypted using cryptography. The concept was developed in 2009 by an unknown cryptography engineer named Satoshi Nakamoto.He launched this digital currency with a vision to create a peer to peer digital currency that will be free from a central authority or a single administration. These features of bitcoin has made it to gain widespread adoption. Bitcoin itself is hack proof as the technology behind it, the blockchain makes it extremely resistible to hack. Once the blockchain verifies transactions on it, nobody can change the transactions.
But people claim there are still cases of reported bitcoin hacks but here there is misconception to what is referred to as bitcoin hacks. Hacks happen due to compromising of private(owner) key or password to a third party by the person in possession of the bitcoin. What I mean by this is that if you are careless with your wallets; where you save your bitcoin, an hacker or scammer might get access to the email address link to your wallet, access and get away with your bitcoin. People have lost their bitcoin as a result of this. Bitcoin can also be lost during the process of transactions on an exchange. Hackers can simply hijack the exchange and also steal innocent parties bitcoins. A famous example is the hack of Mt Gox Exchange.
So bitcoin itself is almost impossible to hack and it is extremely hack proof, the hacking of bitcoin comes from breach in wallets and transaction processes. It is important to take security measurements to protect one's assets.
Nothing in this world is actually hack proof as log as it is connected to a server or to a network there would still be a way to infiltrate or for a lack of a term to hack it. With a server it means that it runs on codes and codes can either be brute forced, inserted with a virus or a trojan or a worm to scoop up some valuable information or via a tumbler to completely break down the lockand have it open like a safe in which they can siphon up the precious bitcoin insode.
Nothing is hack-proof but BTC is so hack-resistant that it can be considered hack-proof for daily purposes. There of course is always a chance that new technology will scale computing power in one region so much that 51% will be possible (for example new type of computer that can main much faster but only one company has them)
51% attack is a real threat, I remember the moment when one pool had over 50% hash power of the whole but they were really careful about it, denied to accept new miners at that point
bitcoin is most secured crypto currency. it cant be hack. what can be hack is the wallet you stored your bitcoin. for that you need to keep safely its password. and also donot keep your bitcoin on any exchanger side. that has chance to loose bitcoin .
How does a Crypto Market React when there is an Exchange hack. What's On Crypto gathered these information and puts it in a Graphic to show a month before and after market behavior.
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Cryptosolartech is a project that combines renewable energy and cryptocurrency mining to make the latter have the least possible ecological footprint.
#Sponsored by:
https://cryptosolartech.org/en/
https://t.me/cryptosolartechEN
Cryptosolartech is a project that combines renewable energy and cryptocurrency mining to make the latter have the least possible ecological footprint.
as far as I know, Bitcoin cannot be hack but the btc wallet of users are vulnerable
As bitcoin and cryptocurrencies are becoming popular every blessed day and have caught the attention of Government and other regulatory authorities looking into how the market could be regulated. A lot of people are entering crypto and often one of the important questions noobs(new) ask is that if they invest in cryptocurrency, is their money and will they not wake one day and their bitcoins are gone. I will try to answer this question and give reasons why bitcoin itself is hack proof.
Bitcoin is a digital currency in which transactions are encrypted using cryptography. The concept was developed in 2009 by an unknown cryptography engineer named Satoshi Nakamoto.He launched this digital currency with a vision to create a peer to peer digital currency that will be free from a central authority or a single administration. These features of bitcoin has made it to gain widespread adoption. Bitcoin itself is hack proof as the technology behind it, the blockchain makes it extremely resistible to hack. Once the blockchain verifies transactions on it, nobody can change the transactions.
But people claim there are still cases of reported bitcoin hacks but here there is misconception to what is referred to as bitcoin hacks. Hacks happen due to compromising of private(owner) key or password to a third party by the person in possession of the bitcoin. What I mean by this is that if you are careless with your wallets; where you save your bitcoin, an hacker or scammer might get access to the email address link to your wallet, access and get away with your bitcoin. People have lost their bitcoin as a result of this. Bitcoin can also be lost during the process of transactions on an exchange. Hackers can simply hijack the exchange and also steal innocent parties bitcoins. A famous example is the hack of Mt Gox Exchange.
So bitcoin itself is almost impossible to hack and it is extremely hack proof, the hacking of bitcoin comes from breach in wallets and transaction processes. It is important to take security measurements to protect one's assets.
Bitcoin is a digital currency in which transactions are encrypted using cryptography. The concept was developed in 2009 by an unknown cryptography engineer named Satoshi Nakamoto.He launched this digital currency with a vision to create a peer to peer digital currency that will be free from a central authority or a single administration. These features of bitcoin has made it to gain widespread adoption. Bitcoin itself is hack proof as the technology behind it, the blockchain makes it extremely resistible to hack. Once the blockchain verifies transactions on it, nobody can change the transactions.
But people claim there are still cases of reported bitcoin hacks but here there is misconception to what is referred to as bitcoin hacks. Hacks happen due to compromising of private(owner) key or password to a third party by the person in possession of the bitcoin. What I mean by this is that if you are careless with your wallets; where you save your bitcoin, an hacker or scammer might get access to the email address link to your wallet, access and get away with your bitcoin. People have lost their bitcoin as a result of this. Bitcoin can also be lost during the process of transactions on an exchange. Hackers can simply hijack the exchange and also steal innocent parties bitcoins. A famous example is the hack of Mt Gox Exchange.
So bitcoin itself is almost impossible to hack and it is extremely hack proof, the hacking of bitcoin comes from breach in wallets and transaction processes. It is important to take security measurements to protect one's assets.
I guess bitcoin is hack proof because of its high security, and maybe its important that its hack proof because there are so many people who are in this. Once it got hacked everyone is possible to be hacked.
As bitcoin and cryptocurrencies are becoming popular every blessed day and have caught the attention of Government and other regulatory authorities looking into how the market could be regulated. A lot of people are entering crypto and often one of the important questions noobs(new) ask is that if they invest in cryptocurrency, is their money and will they not wake one day and their bitcoins are gone. I will try to answer this question and give reasons why bitcoin itself is hack proof.
Bitcoin is a digital currency in which transactions are encrypted using cryptography. The concept was developed in 2009 by an unknown cryptography engineer named Satoshi Nakamoto.He launched this digital currency with a vision to create a peer to peer digital currency that will be free from a central authority or a single administration. These features of bitcoin has made it to gain widespread adoption. Bitcoin itself is hack proof as the technology behind it, the blockchain makes it extremely resistible to hack. Once the blockchain verifies transactions on it, nobody can change the transactions.
But people claim there are still cases of reported bitcoin hacks but here there is misconception to what is referred to as bitcoin hacks. Hacks happen due to compromising of private(owner) key or password to a third party by the person in possession of the bitcoin. What I mean by this is that if you are careless with your wallets; where you save your bitcoin, an hacker or scammer might get access to the email address link to your wallet, access and get away with your bitcoin. People have lost their bitcoin as a result of this. Bitcoin can also be lost during the process of transactions on an exchange. Hackers can simply hijack the exchange and also steal innocent parties bitcoins. A famous example is the hack of Mt Gox Exchange.
So bitcoin itself is almost impossible to hack and it is extremely hack proof, the hacking of bitcoin comes from breach in wallets and transaction processes. It is important to take security measurements to protect one's assets.
Yeah, this is a lot of information that you may use to find if the bitcoin is a hack proof or not. But actually bitcoin is basically hack proof or hackable by anyone because of the technology what we have today. This may help us and also this may harm us by the terms of hackable. There are many ways to determined on how it can be done by the hacker and they will never leave anything from you. Bitcoin is a digital currency in which transactions are encrypted using cryptography. The concept was developed in 2009 by an unknown cryptography engineer named Satoshi Nakamoto.He launched this digital currency with a vision to create a peer to peer digital currency that will be free from a central authority or a single administration. These features of bitcoin has made it to gain widespread adoption. Bitcoin itself is hack proof as the technology behind it, the blockchain makes it extremely resistible to hack. Once the blockchain verifies transactions on it, nobody can change the transactions.
But people claim there are still cases of reported bitcoin hacks but here there is misconception to what is referred to as bitcoin hacks. Hacks happen due to compromising of private(owner) key or password to a third party by the person in possession of the bitcoin. What I mean by this is that if you are careless with your wallets; where you save your bitcoin, an hacker or scammer might get access to the email address link to your wallet, access and get away with your bitcoin. People have lost their bitcoin as a result of this. Bitcoin can also be lost during the process of transactions on an exchange. Hackers can simply hijack the exchange and also steal innocent parties bitcoins. A famous example is the hack of Mt Gox Exchange.
So bitcoin itself is almost impossible to hack and it is extremely hack proof, the hacking of bitcoin comes from breach in wallets and transaction processes. It is important to take security measurements to protect one's assets.
As bitcoin and cryptocurrencies are becoming popular every blessed day and have caught the attention of Government and other regulatory authorities looking into how the market could be regulated. A lot of people are entering crypto and often one of the important questions noobs(new) ask is that if they invest in cryptocurrency, is their money and will they not wake one day and their bitcoins are gone. I will try to answer this question and give reasons why bitcoin itself is hack proof.
Bitcoin is a digital currency in which transactions are encrypted using cryptography. The concept was developed in 2009 by an unknown cryptography engineer named Satoshi Nakamoto.He launched this digital currency with a vision to create a peer to peer digital currency that will be free from a central authority or a single administration. These features of bitcoin has made it to gain widespread adoption. Bitcoin itself is hack proof as the technology behind it, the blockchain makes it extremely resistible to hack. Once the blockchain verifies transactions on it, nobody can change the transactions.
But people claim there are still cases of reported bitcoin hacks but here there is misconception to what is referred to as bitcoin hacks. Hacks happen due to compromising of private(owner) key or password to a third party by the person in possession of the bitcoin. What I mean by this is that if you are careless with your wallets; where you save your bitcoin, an hacker or scammer might get access to the email address link to your wallet, access and get away with your bitcoin. People have lost their bitcoin as a result of this. Bitcoin can also be lost during the process of transactions on an exchange. Hackers can simply hijack the exchange and also steal innocent parties bitcoins. A famous example is the hack of Mt Gox Exchange.
So bitcoin itself is almost impossible to hack and it is extremely hack proof, the hacking of bitcoin comes from breach in wallets and transaction processes. It is important to take security measurements to protect one's assets.
Bitcoin is a digital currency in which transactions are encrypted using cryptography. The concept was developed in 2009 by an unknown cryptography engineer named Satoshi Nakamoto.He launched this digital currency with a vision to create a peer to peer digital currency that will be free from a central authority or a single administration. These features of bitcoin has made it to gain widespread adoption. Bitcoin itself is hack proof as the technology behind it, the blockchain makes it extremely resistible to hack. Once the blockchain verifies transactions on it, nobody can change the transactions.
But people claim there are still cases of reported bitcoin hacks but here there is misconception to what is referred to as bitcoin hacks. Hacks happen due to compromising of private(owner) key or password to a third party by the person in possession of the bitcoin. What I mean by this is that if you are careless with your wallets; where you save your bitcoin, an hacker or scammer might get access to the email address link to your wallet, access and get away with your bitcoin. People have lost their bitcoin as a result of this. Bitcoin can also be lost during the process of transactions on an exchange. Hackers can simply hijack the exchange and also steal innocent parties bitcoins. A famous example is the hack of Mt Gox Exchange.
So bitcoin itself is almost impossible to hack and it is extremely hack proof, the hacking of bitcoin comes from breach in wallets and transaction processes. It is important to take security measurements to protect one's assets.
how they hack person bitcoins.lets see here
They send mass email to users , whenever person click on link and open website , then some virus come and injected into computer and that stole all data.In this year million of accounts hacked so far due to phishing emails. Many users lost money by giving private key , or filling private key in other websites.
To save our money - Servers are required to install powerful antivirus to avoid scam and various types of virus injected into websites it can be by link also.
But bitcoin technology will change the world when it will widely accepted - more demand = more price of bitcoin
The technology behind it is secure - for the current time. If quantum computers are developed then we might be looking at a different story. The thing with technology, though, is it evolves. If something were to happen to show that Btc was exploitable, there would be a fork or a replacement that wasn't vulnerable to that hack.
Currently, I'm not too concerned about it - I think we're a long ways from having the type of computer necessary to do this sort of thing.
Currently, I'm not too concerned about it - I think we're a long ways from having the type of computer necessary to do this sort of thing.
Technically, blockchains are not unhackable, but it's extremely hard and expensive to pull off. An example are Sybil attacks, and again, this is highly improbable. Another example is an attack through ISPs, since nodes are relatively centralized.
For the most part, reported hacks happen in exchanges and wallets, not in the blockchain itself.
For the most part, reported hacks happen in exchanges and wallets, not in the blockchain itself.
i think you are confusing "hack" with "attack" these are two different things.
a hack is called to something like your computer getting hacked and you lose sensitive information such as your passwords, private keys, money,...
an attack like the ones you listed here such as Sybil attack, the results of an attack are not severe as a hack and most of them don't even end up in losing anything.
as a simple example, DDoS "Attack" against a website only puts it out of service for a short time. but a website "Hack" means you change the things on that site, steal something like user information,...
Technically, blockchains are not unhackable, but it's extremely hard and expensive to pull off. An example are Sybil attacks, and again, this is highly improbable. Another example is an attack through ISPs, since nodes are relatively centralized.
For the most part, reported hacks happen in exchanges and wallets, not in the blockchain itself.
For the most part, reported hacks happen in exchanges and wallets, not in the blockchain itself.
Bitcoin is not hacked if you don't share your wallet key to others. Bitcoin security system is very hard.
Nothing is hack-proof but BTC is so hack-resistant that it can be considered hack-proof for daily purposes. There of course is always a chance that new technology will scale computing power in one region so much that 51% will be possible (for example new type of computer that can main much faster but only one company has them)
Bitcoin is not hackable, exchanges and wallets are - you better keep your Bitcoins into a cold storage.
Yes, Bitcoin is not hackable but the place when you store your bitcoins can be. Just like in a low security exchanges, Or in a desktop where you save your password. the hacker can only do is to steal your desktop data by sending you a fake software update.
So bitcoin itself is almost impossible to hack and it is extremely hack proof, the hacking of bitcoin comes from breach in wallets and transaction processes.
what does the bold part mean?!!
and this statement is misleading if not wrong. bitcoin IS unhackable period. 9 years of secure bitcoin after millions of hackers trying to hack it is the proof of that.
all the things you read has nothing to do with wallets nor whatever that bold part means. the reasons for all of them is one thing: human error.
for example when you don't use cold storage and instead store your bitcoin on your desktop and then download some malware you can't say it was a "breach in my wallet". the reason was you not being careful.
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