Topic: Is Bitcoin Hackable? - page 11. (Read 4116 times)
Since the advent of bitcoin, there have been stories about the fact that it will soon be broken, at first it was all sorts of hackers, then quantum computers, but there is still not even a small hint that bitcoin or blockchain has found a vulnerability.
It depends on the website you are using. There are only few websites that are legit, safe and not hack-able. So just be very careful and always check the websites and people you trust.
At present Bitcoin system has quite reliable protection against hacking and unauthorized actions. This protection is provided by:
1) reliable and open source code, over which professional programmers from all over the world work;
2) a reliable cryptographic algorithm for the SHA256 hash function.
1) reliable and open source code, over which professional programmers from all over the world work;
2) a reliable cryptographic algorithm for the SHA256 hash function.
Now everyone is investing heavily on Bitcoin. But can anyone hack this Bitakayena? If Bitcoin means hacks, then there will be a lot of damage. Where is Bitcoin's hidden security?
What is Bitakayena? What Bitakayena means? You mean Bitakayena is bitcoin. Moreover. Bitcoin can’t hack the only hackable is the wallets. Like Coinbase, Xapo, and others. With the help of the blockchain technology, it’s too hard to hack the bitcoin. The different wallets can provide the security the 2RF code the 12 words of the blockchain wallet, but in the end, the safety of the bitcoin is on your hard. If you tell your wallets info to others or you are the careless person I sure you can be a hack. Now everyone is investing heavily on Bitcoin. But can anyone hack this Bitakayena? If Bitcoin means hacks, then there will be a lot of damage. Where is Bitcoin's hidden security?
Blockchain is one of the most secured technology in the world has created so it's impossible for bitcoin to hack,but your wallets or the exchanges are vulnerable for hacking in which where you putting you coins..thats another issue,so better be aware of that and find the most secured one to store all yor coins
OK to answer your question there are 2 things you need to think
bitcoin itself is hard to hack or to breach in its security systems because of its technology and the encryption use that makes almost impossible for humans to solve the math
now when hacking bitcoin there are ways but not the bitcoin system but thee bitcoin wallets.
instead of hacking the bitcoin system hackers see the potential of bitcoins in the market and to the financial system bitcoin has a great value that hackers wants so instead of hacking the bitcoin system they hack bitcoin wallets to get all bitcoin inside of that wallet in that way they can have more use in the things they can get.
so to conclude bitcoin system is hard to hack I am not saying it's unhackable because no system is safe
and hackers often hack bitcoin wallets than bitcoin system
bitcoin itself is hard to hack or to breach in its security systems because of its technology and the encryption use that makes almost impossible for humans to solve the math
now when hacking bitcoin there are ways but not the bitcoin system but thee bitcoin wallets.
instead of hacking the bitcoin system hackers see the potential of bitcoins in the market and to the financial system bitcoin has a great value that hackers wants so instead of hacking the bitcoin system they hack bitcoin wallets to get all bitcoin inside of that wallet in that way they can have more use in the things they can get.
so to conclude bitcoin system is hard to hack I am not saying it's unhackable because no system is safe
and hackers often hack bitcoin wallets than bitcoin system
start to learn or often read sir, "bitcoin" itself can not be hacked. private key is a very large random number. it may be a mistake on yourself your wallet can be hacked. if you are not careful, use a weak password or have a compromised machine that you use for your wallet.
Bitcoin is not hackable only if somebody will have 51% power hashrate of mining but i think its impossible in our time .
i never heard news about bitcoin being hacked....except news about accounts with many bitcoin phised or some exchangers hacked...there is nothing to worry about bitcoin's security...the only thing you need to protect is your password or private key's security
It is a small theoretical chance the cryptography behind Bitcoin can be broken at some point in the future. Previously broken cryptos had been attacked/weakened severely before broken, so I am confident we have time to adjust before any problems. In addition, if ECDSA or SHA is taken down there is a lot bigger fish than bitcoin they will attack before us.
bitcoin can not be systemally retarded but it can happen when someone's account authority is not properly maintained, meaning that if someone can not keep their username / password safely it will not close the possibility that he BTC can be lost stolen by others
All is hackable, above all if it is a online system.
But i think that is not easy to hack the bitcoin system, and the team is constantly work to make secure their systems
Bitcoin is not hack able. Because it is a currency. But it's wallet is hack able. But if you secure it properly it is safe. so I say you must secure it properly. But i think that is not easy to hack the bitcoin system, and the team is constantly work to make secure their systems
Now everyone is investing heavily on Bitcoin. But can anyone hack this Bitakayena? If Bitcoin means hacks, then there will be a lot of damage. Where is Bitcoin's hidden security?
I think until now bitcoin is unhackable. it is secure. maybe the wallets are hack-able, so change the passwords frequently.
Everything can be hacked but it depends on you on how you gonna take care of your account.
Hacking is not done for more than 8 years or even once your question should be answered, if you use a weak password you will be ready to be hacked, because 1 bitcoin means a lot, so hackers go behind, So You need a strong password.
the coin itself cannot be hacked, as it is placed in a distributed network, however the wallets are hack-able, so change the passwords frequently
Well, bitcoin is difficult to hack because of the blockchain technology that supporting it. Though bitcoin itself is difficult to hack, it does not mean that there is no potential risks in security.
Now everyone is investing heavily on Bitcoin. But can anyone hack this Bitakayena? If Bitcoin means hacks, then there will be a lot of damage. Where is Bitcoin's hidden security?
I think btc has a very solid system security which I think until now no one breach it. The fact that there is no major hacking issues in btc for over the decades is the proof.
think not because of its very strong security and no hacking of this bitcoin or just like and only accessing it is and working and the owner of bitcoin so while lower value of bitcoin buy it now
Waiting for quantum computers, it will be interesting to watch battle between cryptotechnologies.
Nowadays the one and only way is to hack wallet information.
Nowadays the one and only way is to hack wallet information.
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