Post
Topic
Board Economics
Re: With Hackers everywhere, How safe is Cryptocurrency?
by
MiXxe
on 30/05/2018, 12:52:50 UTC
Its no longer news that an ICO in Japan has lost over $400 million to hackers. They promised to pay back investors who invested in their ICO. Thsi is a huge loss. After I read that news, I began to wonder. How safe is Bitcoin and Other altcoins? What measures should we take to avoid being hacked ?
Its usually advised that bitcoins or any other crypto coins should never be stored in  any of the exchanges as it has higher chances of getting hacked.We earlier saw the collapse of Mt.Gox exchange which was followed by the hacking of some other exchanges.Also,we should never reveal our private keys anywhere.Also,we should not store our private keys in clipboards in our desktops as clipboard hackers could easily hack them.

To prevent hackers we must be aware of such people that you did not know.First know yourself before you trust or to obey the people of what we are saying for so that you are far from hackers.


What I think of this is that, bitcoin might try to create a system that can detect hackers and ban them. This is for the safety of users and traders. And we can actually be safe in our own ways like being so much careful of our accounts and wallet. Creating passwords that are not easily guessed and such safety measures to do. We have to take care of our coins because its our wealth.