Post
Topic
Board Bitcoin Discussion
Merits 3 from 1 user
Re: Blockchain Analytics is More of an Art Than Science
by
BlackHatCoiner
on 19/09/2023, 19:28:05 UTC
⭐ Merited by LeGaulois (3)
On the other hand the organizations that doesn't open their source code will limit it to few people who may not be able to find all flaws of the code and the hackers or the malicious entities may find those flaws in the code
Or, they themselves could attack their own software if there's a benefit. They won't reveal you the manner which they discriminate coins, so why wouldn't they? It can go completely unnoticed.

Most of the time the closed source applications are full of vulnerabilities and when a hacker finds those vulnerabilities then he/she can take advantage of it and steal data of millions of users.
This is so true. In fact, it's been noticed that many times developers who write closed-source software do follow the "security-through-obscurity" principle. People try obfuscation techniques believing that provides security, in stuff like web apps and steganography. Believing that closed-source is more secure than open-source, besides debunked, is a sign of utter arrogance; believing that no one can contribute to the security of your project as much as you've already done is excessive self-esteem. Windows is tangible evidence that this is bad practice.

Everything that includes cryptography should be developed transparently.