Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Security: What Has Changed From 2023 to 2024
by
Dave1
on 29/10/2024, 09:05:54 UTC
In 2023, the security problems on Bitcoin were mainly attacks on wallets and exchanges. Hackers did crazy things with phishing, malware, and schemes to get people's private keys. In addition, there were some bugs in the code that let vulnerabilities slip through, but don't worry, that was quickly fixed with updates.

In 2024, that changed. We saw vulnerabilities that took advantage of the fact that the Bitcoin network was somewhat anonymous. "Dusting" attacks exploded, where guys sent small amounts of BTC to try to track users. Mining pools were hot too, with attempts to pool hashing power to control part of the network and tamper with transactions. As a result, cybersecurity pros rolled up their sleeves to protect users and keep the network decentralized.

 For me, these 2024 flaws show that securing Bitcoin is really not easy. Threats change all the time, it forces the community to always be on its guard. But it also proves that Bitcoin is holding strong, because despite all that, the network is still there. For those who want to invest, it is super important to follow these developments and use secure wallets, especially offline, to avoid hassles.

If you want more information, check out sites like http://www.coindesk.com, http://decrypt.co, and http://cointelegraph.com.

Not much has change except the fact the criminals are ramping up their activity because we are in the bull run. We almost have seen all kind of attacks from them, but perhaps they are becoming more sophisticated specially that we are in the period of AI, deep fakes are more prevalent that ever.

Of course, as we are what we call Be Your Own Bank, the first thing that we should learn is how to protect our accounts from this scammers and cyber threats. Maybe it's good if we will educate ourselves with what is the latest threat and then have our security practices updated as well.