Hello pals,
Recently I introduced Bitcoin and cryptocurrency to my friends and family,they liked the concept but they asked me a question that I wasn't able to answer.Is Bitcoin really secure?What if a hacker was able to hack Bitcoin system/blockchain?Who manages Bitcoin security and what are the security measures taken to avoid hackers being able to steal Bitcoins?Why Bitcoin is not blocked for those who use it illegally by buying/selling in the deepweb market?What if governements ban Bitcoin because of these people?
I really appreciate if you guys give me some answers
Until now still safe. It's been 9 years cryptography bitcoin has not been able to solve it. Maybe someday someone can solve it. Digital technology is growing, the development is very rapid. Blockhain and transactions are still safe to date. But from the side of personal security that is private key, user and password may be omissions or our unconsciousness that it still can be hacked. Be careful in storing the pivate key, user and password including the email used, because it is still the easiest gap to hack.