Bitcoin is more secure today than before. It is getting safer day by day. - Page 2 - Bitcoin - CryptoTalk.Org Jump to content
Brushless4500KV

Bitcoin is more secure today than before. It is getting safer day by day.

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Well, increased Bitcoin network security is a good thing, but I wonder after the mining has finished how much will the network be protected and will this hash strength enough to secure the network at that time if the miners stop working,

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I dont agree with the statement, because in early days, hackers or those who were aware of this, didnt have to hack bitcoin, but could have just bought it, because it was too cheap. As far as I know, there hasn't been change in bitcoin code, and hence bitcoin was safe  before, and bitcoin is safe today, and will remain so in future. Bitcoin is hacked because the holder makes mistakes not bitcoin or blockchain.

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Yes, you are right because the blockchain technology is developing more and more day by day, and with the development of the blockchain technology, it becomes more difficult to track the conversion of currencies based on the blockchain technology,this is the secret to the security of the blockchain transfers.


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well i kind of agree with you cause there are several types of blockchain attack for example 50%+1 as i remember so yes technically with creating lots of bitcoins it is very hard to own 50%+1 pools, servers or things like that and you can't manipulate atack it so i think you are right.

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The earlier the block, the higher the security. It would be impossible for an attacker to even take control of the network's 51% hashrate for 60 minutes to be able to invalidate 6 blocks and double spent bitcoins. The 6 confirmation rule elliminates any chance of succeeding. Even with 3 confirmations it would be pointless, as the attacker would need a number of ASIC's hardware that the three largest bitcoin miners don't have right now in total, The attacker would have to spent electricity amounting to at least 10 million KWh, every hour, and after that abandon all the hardware he used. It is something that simply can't be done and it would provide no profit if it is ever performed by someone. 

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For breaking the transaction a great knowledge about Blockchain and strong hacker is needed, that's why bad people are doing scam and making people to loose money as scam is too easy than compared ro hack.


NOTHING I SAY IS FINANCIAL ADVICE. YOU SHOULD USE YOUR MIND ,FOR YOUR MONEY,

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Yes my friend you are right that Bitcoin has become a strong name in the world of economics and has a great economic impact that is difficult to disappear that currency, especially as it has achieved what others have not achieved so it is safer


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I agree with your opinion, I find that technology and security systems are very good, I think with this does not make it easy to steal bitcoin, please pay attention and be very careful

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Yes I totally agree with it since I am the new user but also my friends who are using Bitcoin from few years earlier they give a positive response for it even I also feel very much safe and Secure to deal with Bitcoin either for trading or for investing.

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Most of us have experienced sending bitcoin with various wallets. You know that the common acceptable number of confirmations are six. Whenever I make a transaction with my Electrum wallet, I receive six confirmations after a few hours (depending on the fee). When I check my transaction after a week, I see that thousands of confirmations have been received after that. This shows the number of blocks that have been added after my block. This is what increases safety.

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There are some Bitcoin mining companies that have already been hacked, such as NishaHash, and several million Bitcoins have been stolen. Of course interest in Bitcoin has risen and its price has risen substantially, its interest in security and protection against intrusion has increased

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bitcoin and blockchain technology starting to now, in ten years journey of bitcoin,they use strong security and every year they improve this security, so now also any one hack this block chain technology, if any want to hack this technology, they need most advanced technology and computer then anyone hack this technology.


 

   

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Bitcoin is running with Blockchain and the Blockchain network so much strong. Antony can't hack Blockchain and they can't steal our money. So our BTC always be safe in Blockchain.

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Bitcoin is secure right from the beginning of their market because this is not a manual transmission of money this is happening due to with proper technology and we can track our transactions at any time when we required at any time at Anywhere of the world's. 

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Bitcoin blockchain is getting tougher and complex as we are enjoying the benefits of bitcoin, the transactions that are save in the blockchain make it more secure to us

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On 3/24/2020 at 2:56 PM, MeiLynh said:

something that is constantly online and available is changing day by day, and what is safe today may no longer be tomorrow. They cannot steal our money. Therefore, our BTC is always safe in Blockchain.

This has different notation from others and bitcoin blockchain has been safe from inception and I think it will become more complex as time goes on,

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On 3/23/2020 at 3:28 AM, Rita_Italy said:

In previous time some people were hacked there wallet because bitcoin were not so much secure. Now day by day bitcoin becoming more secure. Blockchain network also a secure network

There is no where it will be hacked now due to the blockchain has accumulated many transaction and the blockchain become more complex than ever again

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This would be good for protecting traders' money in cryptocurrency, because hackers are ruining their lives, this protection is necessary for them.

Edited by Maroua

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This is true even though bitcoin is a modern technology and it must contain many gaps, but so far, bitcoin is still safer and more secure than the rest of the technologies.

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The security of your asset will kind of depend on the wallet which you store your assets on, as when the years goes by new tech features are being implemented to solve out the problem of insecurities from thieves

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Perhaps because at the beginning of the matter, that is, after the formation of a system, how wouldn't you find a raid because it is still developing and with the number of changes that are discovered every time security is strengthened and it strengthens its properties to a degree that makes hackers or hackers find it difficult to enter one of the systems


Учитесь, учитесь и учитесь на своих ошибках :classic_smile:

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Your words are true that bitcoin is getting stronger and safer with its advancement in life and it is now becoming more popular and there is a lot in the world that uses it and this is a good guide to increase the strength of bitcoin

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On 3/13/2020 at 7:15 PM, Kapil Koirala said:

Yes I agree with you . The more blocks the more secure the blockchain is . But I have never heard of any incident where it says bitcoin was ever hacked . Before people only used to steal bitcoin , it was not hacked . Still bitcoin is prone to getting steal and it will continue forever.

In the past bitcoin was never hacked but you should consider the fact that, ten years ago, the power of hackers were also limited. The more we go forward, the more advanced hackers will enter the world of online payments. The news about quantum computers have caused some fear among bitcoin users. This is the reason I think the number of blocks in blockchain network is very important because with the use of quantum power, it will be easier to handle more blocks and make changes to all of them. Although this is still just a hypothesis but there is no harm in increasing the blocks and make the chain stronger.

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7 hours ago, MeiLynh said:

Bitcoin is becoming more complex, it adds more jobs to hackers and it can even bring about the end of hackers. Bitcoin is a digital currency and anyone can easily use it in crime to hide its indentation. But the security of Bitcoin is very strong.

It won't bring the end of hackers, because there are other coins that they will have interest than bitcoin, bitcoin isn't easy to hacked for now and they won't waste their time on it

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