Post
Topic
Board Development & Technical Discussion
Re: how is cryptocurrency safe?
by
kim diep
on 30/03/2018, 02:48:13 UTC
Why no one can track down the hackers who stole around $500million worth of NEM from japanese exchange. how do you keep your cryptocurrency?

You cannot compare cryptocurrencies with exchanges. Both have entirely different system of working. Cryptocurrencies can never be hacked, unless an idiot or a careless wallet owner let that happen due his own foolishness. Cryptocurrencies use blockchain technology. Every day new blocks are being added to the blockchain. So if anyone who wants to hack it, he will have to hack all the wallets on the blockchain network which is impossible to do.
That's absolutely right, we cannot compare cryptocurrencies and exchanges. As you said, cryptocurrencies can't be hacked, as it's not a thing that can be hacked, it uses the block chain technology, which it's impossible for anyone to hack it, but there are some people who are already hacked, because of their stupidity, they are not using carefully their wallets.

it is my big concern as a newbie in the industry. please advice " is there any specific way to guide using the wallets safely?"