Topic: Should We Trust Blockchain ? - page 8. (Read 20064 times)
Hacker can always hack anything like exchanges because its security depends to the server hardening from penetration but a single alteration to a blockchain may completely destroy everything which is why blockchain is immutable. No one yet had hacked a blockchain unless the team who created it do so which investor will eventually lose its trust to the project if that happens.
Blockchain was created to bring the trust into the real world, but it is a technology and every new technology has some bugs, but never mind, soon everything will be fixed.
I have no doubt with Blockchain technology, it the best innovation technology in this century, where Blockchain technology can be used with perfect performance in all fields. I'm telling about Blockchain technology, i'm not talking about cryptocurrency and ICO.
Our blockchain is everything, this is what unites us, this is a brilliant idea that is successfully implemented and will be realized in various fields, if we stop believing the blockchain, we have nothing to do here then. It is not the blockchain that is being hacked, but, for example, in the case of Cryptopia, the interface was vulnerable. In general, the blockchain is an unbreakable foundation, but what surrounds it often happens with holes.
You do not know about blockchain. It was an exchange which had been hacked recently but in blockchain you will find the transaction. Blockchain data are immutable
No one can change it. You may hack my wallet but you can not sell my fund without using blockchain where there will be prove.
No one can change it. You may hack my wallet but you can not sell my fund without using blockchain where there will be prove.
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 ?...
We could agree on that Bitcoin has the safest blockchain, but currently is slow for everyday use. And that is the problem, you can have fast but not safe blockchain or safe but slow blockchain 
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The blockchain technology itself can not be hacked, but the data that you store in open areas.exchanges, open wallets, it could all be stolen. The technology makes processes and financial transactions transparent, which eliminates fraud in the processes themselves, makes it possible to eliminate corruption, allows to modernize and optimize production and bureaucracy.
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 indeed can not be hacked. It is an incorruptible, decentra;ized distributed public digital ledger. The crypto exchanges you mentioned are a centralized exchanges. It;s the matter of the exchanges security system. And obviously these are two different things. Regarding to ETH Constantinople upgrade which was postponed, it's a vulnerable security issue and related to smart contract, not the blockchain issue. So again, these are two different things.
Hackers hack exchange systems not blockchain technology. In crypto, blockchain technology is used to verify transfers between two parties efficiently and permanently.
Exchanges don't use blockchain technology for their storage,its just like a hot wallets so if hackers get some hole in their security system then they can steal all the funds like what happened with those exchanges you were mentioned.
The comment above is absolutely correct. Centralized exchanges spend very little attention on security and a lot of attention on making big profits. I am sure that this is not the last major and successful hacker attack on the stock exchange (there are thoughts that Cryptopia itself arranged this attack in order to get the money of its clients).
Do not keep your money on the exchanges!
Do not keep your money on the exchanges!
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.
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.
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 ?...
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