Topic: Should We Trust Blockchain ? - page 4. (Read 20064 times)
I have to answer it like what, if you believe it, but right now there really isn't anything to be trusted, prices continue to fall, many ICOs are scam. but if we don't believe, that's what we've been up to all this time ...
Blockchain can be hacked, and everything in the crypto may hack anytime. But Overall, we can trust blockchain! Exchanges like Bithumb, Poloneix got hacked, Binance got compromised but still, they are a very popular exchange, because people trust them and everyone believes hack is one of the main negative parts of crypto. So, I think you may enable every security options in blockchain account and don't use blockchain email roughly. If you still have confusion then buy a hardware wallet. Good Luck
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 ?...
Its different between blockchain and hacker in exchanges, blockchain is safe no one can hack it, And exchanges like HitBTC and Cryptopia, only use blockchain technology but in their platform, they control it, so if exchanges get hack, not because of the blockchain system but mistake by the exchange systemSo should we trust blockchain? Yes
Blockchain technology is trustworthy and we can actually depends on it with our transactions process and I think it is more secure and transparent than any other fund of transactions processing. Though we are having some rejection from governments I believe that in future blockchain technology is going to become the financial system the world dream of.
Do you really think governments will allow people to do money transactions without control? I'm sure, they won't! I think they will integrate blockchain technology in existing financial systems and will get more control over money flows. Coins like TUSD and USDT are just the beginning of that movement but we can change it! We need to use independent and anonymous blockchains to avoid control.
That an exchange was hacked or that the hardfork of ethereum has been postponed, does not mean that it is the fault of blockchain.
There is no fault with block chain technology, because it is an advanced for of technology, that we are yet to fully explore.
We humans determine a lot of things, but we cannot alter the data in blockchain.
There is no fault with block chain technology, because it is an advanced for of technology, that we are yet to fully explore.
We humans determine a lot of things, but we cannot alter the data in blockchain.
Actually, Blockchain is a very smart technology. from this tech, we can see how the people around the world create the new concept of technology with blockchain as the base. It leads us to the smart contract and other systems. is that interesting and promising? I think that trust in blockchain is powerful in order to support the development of this technology.
Hackers are not hacking the blockchain they are hacking the platforms where we hold our funds (exchanges, wallets etc)
We do not have to store our funds on exchanges and take care of our private keys and we will be safe from hackers.
We do not have to store our funds on exchanges and take care of our private keys and we will be safe from hackers.
Hackers steal our funds not because the blockchain is insecure, but because we ourselves do not accept due diligence. After all, if we take good care of the security of our funds, they cant be stolen.
Sometimes i use to tell others if you don't trust the coin don't underestimate the technology driving it since it has really done and solve much of the world problems. The technology is actually one of the finest.
Blockchain technology is trustworthy and we can actually depends on it with our transactions process and I think it is more secure and transparent than any other fund of transactions processing. Though we are having some rejection from governments I believe that in future blockchain technology is going to become the financial system the world dream of.
Do you really think governments will allow people to do money transactions without control? I'm sure, they won't! I think they will integrate blockchain technology in existing financial systems and will get more control over money flows. Coins like TUSD and USDT are just the beginning of that movement but we can change it! We need to use independent and anonymous blockchains to avoid control.
Blockchain technology is trustworthy and we can actually depends on it with our transactions process and I think it is more secure and transparent than any other fund of transactions processing. Though we are having some rejection from governments I believe that in future blockchain technology is going to become the financial system the world dream of.
it is important to understand that blockchain annd cryptocurrencies are not same things. blockchain is a technology, cryptocurrencies are product of blockchain.
Yes blockchain can't be hacked and data there can't be modified.
Your concern is the security of the exchange and its not the technology itself.
They use a certain way to secure their exchange.
Blockchain is the technology that we use for transfers, if the hacker goes on their site and successful got in.
They can easily use the funds and transfer it, the problem lies to the backdoor not with blockchain.
I totally agree.It is impossible to compare blockchain technology and the work of hackers.Blockchain technology fortunately at the moment can not be somehow deceived or something in it to change.Personally, I trust this technology and am sure that this technology is not for scammers. Your concern is the security of the exchange and its not the technology itself.
They use a certain way to secure their exchange.
Blockchain is the technology that we use for transfers, if the hacker goes on their site and successful got in.
They can easily use the funds and transfer it, the problem lies to the backdoor not with blockchain.
Well Blockchain can never be hacked but it don't need to be hacked. The whole information is out there and just start a scam blockchain project and all the information will be received through a project, no need to hack anything.
Exchanges still seem to be the weak spot of crypto.
The blockchain is safe, but still hackers manage to steal coins.
Hopefully, this problem will eventually be solved in the future.
Exchanges don't use blockchain for their storage they just using their own hot wallets for storage purpose which is just as an online wallet controlled by themselves when someone can find those details then they can be able to hack those wallets.Which is not related to blockchain,if they are using blockchain means the exchanges will become decentralized and everything will be solved. The blockchain is safe, but still hackers manage to steal coins.
Hopefully, this problem will eventually be solved in the future.
Exchanges still seem to be the weak spot of crypto.
The blockchain is safe, but still hackers manage to steal coins.
Hopefully, this problem will eventually be solved in the future.
The blockchain is safe, but still hackers manage to steal coins.
Hopefully, this problem will eventually be solved in the future.
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
Blockchain is beyond cryptocurrency, they dont have to represent any dollar value to be blockchain. It can be used several purposes by governments, individual, institution etc. It is proposed as a good tool for national election. Bitcoin has enjoyed a lot of support to avert hack, hackers will even have more to lose than gain if they hack bitcoin, so it preferred to been seen formidable and strong
Blockchain is a technology that we use to transfer or for transaction, but don't forget the case of security is left to be handle by the exchange themselves, if the security is good enough then assets will be safe.
Yes we can trust on blockchain technology. this technology has many good features. the blockchain technology is an advanced system to support the utility such as used for traveling system, health, education, charity, and more other thing. this system is very safe. i know that blockchain really can't get hacked
Hacking a centralized exchange is not equal to hacking a blockchain. The usual means to hack the blockchain is not possible. However, in our world there are supercomputers (scientists, military), but perhaps they can not use these to hack the blockchain. Quantum computers may also appear. To ensure the reliability of the blockchain, miners must have the most powerful computers.
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