I just remembered the poly network heist, one of the biggest heist in the history.
Is there also a possibility BTC can be hacked?
If it is, I bet every currency will start to declined.
How safety BTC security for you?
Want to know veterans answers.
yes, what you say is true and this is very shocking news as hackers have taken over $610 million worth of digital money from poly network.Is there also a possibility BTC can be hacked?
If it is, I bet every currency will start to declined.
How safety BTC security for you?
Want to know veterans answers.
poly network, which facilitates peer-to-peer token transactions, adds, stolen tokens, are transferred to multi-sign wallets, which are controlled by the platform and hackers.
but most of the digital money has been returned by hackers and only the $33 million stablecoin tether remains.
Of course, the question is also that we know that so far no one knows about poly networks, with information from them via Twitter that made poly networks famous and was there no other element in the hacking that took place? because why also hackers return the funds that have been taken?
Of course, it is clearly very different between bitcoin and poly network, it can be ascertained that until now and in the future it will be difficult to hack the bitcoin network. there is no need for excessive worry.
Everything is possible especially if they will think lots of ways to attack on bitcoin. But, as far as I know, bitcoin didn't experience being hacked yet since they have made very strong security. But, I think can steal our assets in various ways maybe a form of fraud that is similar to Bitcoin wallet address so that they can steal the assets of anyone. But, bitcoin lasted a decade and look at how bitcoin always improve and increase it's price. For sure lots have tried on making out some exploit in terms of security but they failed to do so because of it's very strong security system. So I could say bitcoin network is more secure compare to those altcoin network.
If it's just to attack, obviously it's also not easy because we know that the bitcoin network is known to be reliable and the protections made so far have indeed been able to protect transactions that might be want to hacked.What might happen is exchange networks that can be hacked, and most often of course, private wallet networks that are used by many people. but even then because most of the mistakes that have been made by themselves, not because of the system.
I agree with you it is not easy and there is no need to be afraid of being excessive because the system used by bitcoin is very different and has been tested so far and is able to protect against hackers who want to enter the bitcoin network.