Topic: Should We Trust Blockchain ? (Read 20097 times)
Most likely, yes, because today there is no information that would say that the blockchain can be hacked, you understand that this is generally impossible, because there is a POW protocol
all the events that you mention are like exchangers that get hacker attacks or ETH that delay hardfork,
This is not because of using blockchain technology, but blockchain technology really makes it easier for us to make transactions,
if I see a hacker attack occurring because the security at the exchanger is not good enough.
This is not because of using blockchain technology, but blockchain technology really makes it easier for us to make transactions,
if I see a hacker attack occurring because the security at the exchanger is not good enough.
Of course yes. I think it's the unique thing which we can trust. These news with cryptopia doesn't make any influence on the whole market. Blockchain projects are still confident. I wish more people will start using them.
I'm also sure that we really have to trust the blockchain too, even though the blockchain is still down, but we just believe that something good will happen suddenly and make us happy not only temporarily.
but the longer it will be more difficult, because in addition to the mental traders, fundamentally the current conditions do not support the development of a whole cryptospace, Its very bad to facing a market with this, maybe only some point that could be statment blockchin can be trust
Blockchain technology should be secure. Hackers can steal our coin and token because we not saving our private key. If we keep private key safe and not share it to anyone, i am believe our wallet secure and we should always aware on suspicious link
According To expect they always say blockchain can never be hacked and your information can never be stolen .. But day in day out Hacker are hacking crypto exchanges to steal people asset , ETH Suspended hard Fork because of security reason . HitBTC and Cryptopia are understand maintenance because of hacker . Are they Using block-chain technology to deceive Us ?...
The security breaches experienced in those top exchanges is a huge call for concern. Imagine if the blockchain technology is used in a national election voting system and it got hacked, it means the elections will not be credible. Of course yes. I think it's the unique thing which we can trust. These news with cryptopia doesn't make any influence on the whole market. Blockchain projects are still confident. I wish more people will start using them.
I'm also sure that we really have to trust the blockchain too, even though the blockchain is still down, but we just believe that something good will happen suddenly and make us happy not only temporarily.
but the longer it will be more difficult, because in addition to the mental traders, fundamentally the current conditions do not support the development of a whole cryptospace, Its very bad to facing a market with this, maybe only some point that could be statment blockchin can be trust
Yes we can trust blockchain because this is the center of all data that connected on altcoins and now some of banks and establishment was now using blockchain to store data so it means the security was not easy to hacked but we don't know how the hackers do for them to hack it.
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Blockchain is the mother of the cryptocurrency inventions. It is pretty trustworthy. There is a chance that cryptocurrencies may fail, but blockchain technology will certainly remain or be modified
it is not pretty trustworthy but it is absolutely trustworthyThere is no way a blockchain which programmed.properly and verified ny the whole community by making it open source could think by itself and scamming people.
Blockchain is the mother of the cryptocurrency inventions. It is pretty trustworthy. There is a chance that cryptocurrencies may fail, but blockchain technology will certainly remain or be modified
At the moment, I think the blockchain has worked well and is unlikely to be something different changed , I think the blockchain will exist until it comes to replacing another technology but for now it is much better than Fiat money
I am sure that it will never be better to be hacked and you should not doubt it.BTC
Blockchain is the mother of the cryptocurrency inventions. It is pretty trustworthy. There is a chance that cryptocurrencies may fail, but blockchain technology will certainly remain or be modified
We are using bank system now and it means we are trusting banks and people can manipulate numbers in banks because they are centralized, I would rather trust to numbers instead of people, It is always safer because 2+2 is always equal to 4.
Don't trust anybody is the principle of decentralization so it's better to trust ourself then trusting a trusted third party right.But exchanges are not using blockchain to store any cryptocurrencies so the hacks where happening due to the low security of exchange not due to the problem with blockchain technology.
I think we are actually have some things mixed up here. Blockchain in itself cannot be hacked and executed activities cannot be modified or reversed. That is to say, the technology is as secure as you can hope for. The security concern we really do have with cryptocurrency exchange platforms is not actually about blockchain technology itself. These exchange platforms often use $iffering ways to secure their exchanges. This directly means that hackers can find their way around security measures on exchange platforms and help themselves to the funds of users.
The problem is simply with the exchange platforms and not with blockchain technology.
The problem is simply with the exchange platforms and not with blockchain technology.
We are using bank system now and it means we are trusting banks and people can manipulate numbers in banks because they are centralized, I would rather trust to numbers instead of people, It is always safer because 2+2 is always equal to 4.
of course you have to trust the blockchain and with blockchain technology it can be very useful to make payments and record encrypted data and all transactions can be recorded and can be seen by everyone, so I think this blockchain is the technology that should be able believed in.
According To expect they always say blockchain can never be hacked and your information can never be stolen .. But day in day out Hacker are hacking crypto exchanges to steal people asset , ETH Suspended hard Fork because of security reason . HitBTC and Cryptopia are understand maintenance because of hacker . Are they Using block-chain technology to deceive Us ?...
Blockchain is just a new technology. It's too raw still. So, it's obvious that some breaks and hackings will happen in the nearest years. This will happen often until developers will learn on their mistakes and improve their security systems enough to withstand all these attacks.
Immutability is a unique characteristic of blockchain and that is not a mistake.
As for the exchanges that were reportedly hacked, well we cannot yet conclude if they were hacked.
What everyone needs to know is that, the coins stolen were stored in on a central server, where if hacked,
As for the exchanges that were reportedly hacked, well we cannot yet conclude if they were hacked.
What everyone needs to know is that, the coins stolen were stored in on a central server, where if hacked,
ETH rescheduled Constantinople upgrade as the code audit discovered some dangerous security vulnerabilities to ETH smart contracts. It has nothing to do with the hackers. The blockchain is safe, the hackers are attacking the exchanges and the devices we use. We have to be cautious and protect our devices maximally.
Blockchain is a technology for storing data and information about the processing of this data. Due to the fact that this data is stored on many computers at the same time, the blockchain is really safe and not subject to hacking. But exchanges do not use blockchain technology, they are centralized and this makes them vulnerable to hacker attacks.
Blockchain technology has nothing to do with exchanges, exchanges are centralized and this is one of the main problems. The blockchain technology itself is really safe. Every exchange user should understand that they are intended for trading, but are not suitable for storing your coins. Therefore, you should think about your own safety and keep your coins in your wallet.
It seems to me that security problems in the means of many cryptocurrency users are of a special nature, and in the first place it does not concern the blockchain technology itself. If we take into account the security of the ethereum tokens, then their safety depends primarily on the user's care and his safe actions. Jump to: