Post
Topic
Board Bitcoin Discussion
Re: Do you believe BTC can be attacked?
by
Botnake
on 04/11/2021, 22:06:23 UTC
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?
When you say Bitcoin being hacked, do you mean an individuals bitcoin or you mean the bitcoin network itself getting hacked? If you mean the Bitcoin network is getting Hacked, then I don’t really think that’s going to be possible. So far we have already seen that there haven’t been a time when it was hacked.

The Bitcoin network is seen as one of the most secure platforms and technology there is. There’s nothing like being hacked or counterfeit currencies. The only way I can say Bitcoin can be hacked is an individual’s wallet being hacked, that’s the only thing or issue that you are going to face when making use of Bitcoin. But that, as well, can be avoided if you are very careful, because for hackers to be able to hack your wallet they must have gotten an information that will enable them to carry out such operation.
If the owner of bitcoin is confidently sharing his private keys even to his friends, then expect that your account will certainly be hacked just because of your own carelessness. As long as you are holding a valuable investment, always keep it safe and secured and just keep your private keys and password to yourself.

However, as far as i know when it comes to bitcoin network, there are no notable records that telling bitcoin had been hacked or attacked. It has a very strong security more secured than fiat, so if anyone tries to scam the network, he will only fail even how many attempts he'll make.