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 ?
It is very true that there are so many great hackers everywhere that's why we should make sure that we are using a very secured wallet like using myetherwallet or maybe blockhain because when we used a secured wallet for sure the hackers can not hack it.
In blockchain applications, the digital asset and the means to protect it are combined in one token. Nobody can steal or copy the digital asset unless they have the secret code or private key that unlocks the cryptographic protection of the asset. However, storing private keys in software or on a piece of paper is the equivalent of leaving your house keys under the welcome mat.
While blockchain technology secures data in transit from place to place using cryptography, the private key becomes vulnerable to theft when it is stored or displayed at one end or the other whether that is on a piece of paper, screen, disk, in memory or in the cloud.