Topic: Is Bitcoin Hackable? - page 5. (Read 4099 times)
Technology is a product of intelligence of people. I think it's possible that bitcoin can be hacked just because there's no impossible when it comes to technology and mind power of people. But Bitcoin is continously developing their high level of security to avoid this incident. We,😝the user's should always remember security measures.
Not sure how exactly it would be possible. Unless someone gets access to 51% of bitcoin's blockchain,bitcoin is not "hackable". Exchanges and online wallets can be easily hacked though. But bitcoin on its own,is almost impossible to hack.
I do not think so, at least I have not heard of such vulnerabilities! Basically, all the hacks are designed for the human factor, our mistakes!
Bitcoin exigency is with it technology, bitcoin is operating on a high grade of security which is almost impossible to be manipulate in any form because before Amy account in bitcoin can be temparrd with the mistake will come majorly from the holder in the sense that no account can ever be hacked without the concert of the user.
Bitcoin can not be hacked because it is a very complex system and linked together by nodes. Blockchain technology is a great technology and is currently being applied in many occupations in life. This is a great invention of the 4.0 technology era. 
I think the security of bitcoin is good and it will be very hard to crack, usually nowadays no one can fabricate bitcoin, which I know hackers usually only attack exchange instead of bitcoin, like never happened before in japan
I agree with you that the security of bitcoin is really secured, and i dont really agree that bitcoin is hackable, maybe our wallet js hackable if we will not keep or protect our private key, and for me bitcoin will be very safe and very secured from the hackers and there is no doubt with that.
Bitcoin exigency is with it technology, bitcoin is operating on a high grade of security which is almost impossible to be manipulate in any form because before Amy account in bitcoin can be temparrd with the mistake will come majorly from the holder in the sense that no account can ever be hacked without the concert of the user.
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?
bitcoin is always hackable if you are not
securing the password and private keys,
this are the access on your wallet as long as you keep it safe and private then you are safe.
remember! never share it to anyone even with y9our friends!
Bitcoin itself can not be hacked from bitcoin or system. but the wallet that we use can be uprooted if the security of the wallet itself is not maximal. so adding 2fa and storing with a cold wallet or having a high security wallet storage device will be much safer because the case of bitcoin loss always starts from a hacked device.
Of course it is. Everything can be easily hacked, there are really dangerous hackers all around the globe which can I personally think can hack into anything that their mind is put into. I just don't know why it hasn't happen yet, maybe its just me and it could not be done. Maybe not Bitcoins as a coin, but probably Ethereum ERC-20 wallets can be.
Theoretically there is a set of ways of his tampering, but actually you will see that miners control transactions and also you can know how you have to do quantum computers.
The people, what the hack? If this were possible, then a long time ago all bitcoins and other currencies have already stolen 100 times, if not more. Speech about compromise and be not can. You can only foolishly and carelessly lose their savings. Just don't need to crawl on suspicious websites, opening suspicious links from mails and many others. Save links and all data in secure locations. Duplicate both in electronic version, and in handwritten. I am sure that if those who lost their assets adhered to these rules, the number of losses and thefts would be much less at times. Good luck and profit.
Also, the private key cannot be derived from the public key. The public key is generated using the private key and an algorithm called Elliptic Curve Digital Signature Algorithm (ECDSA). This is determined by a randomly generated 256 bit number called 'K'. Therefore, as long as 'K' is sufficiently random, modern computers cannot reverse it by brute force.
However, since a wallet.dat file with a QT wallet is secured by a user generated password, it is up to the user to provide a sufficiently complex password to prevent brute force cracking.
Also, as a side note, and due to the invulnerability of cryptocurrency, if you accidentally send your bitcoins or other cryptocurrency to the wrong address, there is no possibility of recovery.
However, since a wallet.dat file with a QT wallet is secured by a user generated password, it is up to the user to provide a sufficiently complex password to prevent brute force cracking.
Also, as a side note, and due to the invulnerability of cryptocurrency, if you accidentally send your bitcoins or other cryptocurrency to the wrong address, there is no possibility of recovery.
The issue of security has been fundamental to bitcoin since its development. On the one hand, bitcoin itself is very hard to hack, and this is mainly due to the blockchain technology that supports it. Because blockchain is constantly checked by Bitcoin users, hacks are unlikely. On the other hand, the fact that bitcoin itself is difficult to hack does not mean that it is necessarily a safe investment. There is potential for security threats at various stages of the trading process.
To be precise Bitcoin is not hackable but can be forcefully transferred by hacker from your wallet to someone's seat wallet, your wallet is the first target, then they can gets what's inside, but if you protect your private key ten there is nothing to worry.
No, bitcoin is not hackable. The security is due to the SHA 256 hashing algorithm. Specifically, the SHA 256 hashing algorithm performs several addition operations among a selecting operation, which is not a reversible operation. This prevents blocks from being faked, and since the blocks are the only way to validate transactions, transactions cannot be faked either.
The block is a collection of transaction and their hashes, in order to mine a block, a computer takes the hashes of the transaction and hashes them together to form a merkle tree. This hashed data is combined with other miner generated random data such as a timestamp, nonce, etc. Since the output of the SHA 256 hashing algorithm is random and consistent depending on the input data, when the output digest contains many leading zeros, determined by the mining difficulty, a new block is found. The new block is validated easily, by hashing the data the miner used to generate the block.
Also, check this chart analysis out.
https://image.ibb.co/hSAaTc/Superimposed_Bitcoin_charts.png
The block is a collection of transaction and their hashes, in order to mine a block, a computer takes the hashes of the transaction and hashes them together to form a merkle tree. This hashed data is combined with other miner generated random data such as a timestamp, nonce, etc. Since the output of the SHA 256 hashing algorithm is random and consistent depending on the input data, when the output digest contains many leading zeros, determined by the mining difficulty, a new block is found. The new block is validated easily, by hashing the data the miner used to generate the block.
Also, check this chart analysis out.
https://image.ibb.co/hSAaTc/Superimposed_Bitcoin_charts.png
yes all things on internet is hackable, from website, account, bitcoin, and many other. but until right now i never hear that hacker can hack bitcoin and send all bitcoin into their account, because in bitcoin we use blockchain platform.
hacking can only be directed to user error, the blockchain system ensures that it has a fixed loophole in each period so that no exploitable flaws can be a chance of stealing, this is a major force that many people believe in bitcoin.
yes all things on internet is hackable, from website, account, bitcoin, and many other. but until right now i never hear that hacker can hack bitcoin and send all bitcoin into their account, because in bitcoin we use blockchain platform.
Bitcoins are a digital bearer asset. That means that anyone who holds the secret key controls the bitcoins. Hacking bitcoin, therefore, typically involves finding out a way to steal a user's secret key through technical means or by social engineering (i.e. fooling them into giving away the key). To that extent, hacking a user's bitcoin account/wallet is not much different than hacking any other software platform.
I think is impossible to hack bitcoin because you need to find the private key for a particular public address. So the possibilities are limitless.
Bitcoin is stored on the internet. All it’s activities are thanks to the internet. So bitcoin can be hacked even though the technology and security of bitcoin is high. Of course it is hard for someone to hack bitcoin.
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