Re: Do you believe BTC can be attacked?

Quote from: Sayeds56 on Today at 06:30:47 PM

Quote from: kenskie on September 20, 2021, 02:54:11 PM

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. Undecided

No. I don't' think so, it is highly unlikely to happen. Bitcoin is most decentralized and secure crypto currency, there is no incident of hacking attack on Bitcoin network since I started working in crypto back in 2017, though i heard lot of media reports of exchanges being hacked including Binance. It is considered most hack proof Block chain because it is network is constantly reviewed by entire network. thus, attacks on block chain are very unlikely. The wallets where crypto currencies are held are still vulnerable to attacks.

https://www.bitpanda.com/academy/en/lessons/can-a-cryptocurrency-like-bitcoin-get-hacked-or-shut-down/

There is hacking of Bitcoin's wallet but not the network itself. Yes, and due to the unique codes that the Bitcoin network had used, that is certainly impossible unless if there is someone on the inside who will do it, but I don't think so and I'm not sure if he could do it alone. That is why we don't ever hear such news and with such proof of work, then we can say that Bitcoin is a special project and none of the others could ever compared to it even ETH.