Does Bitcoin need more safety nets?

[Setho]

I just believe that exchange platform should be doing much more better in order to minimise the use of hacking methods in order to get to their uses. I believe that safety in Bitcoin is already high at the moment.

 

[Smiles20]

Bitcoin does not really need to be safeguarding the identity of the users because that is exactly why the platform was created in the first place. The majority of the problems arising from hacks

 

[Ononivami]

All cryptocurrencies needs a very good security. The security of a cryptocurrency or the bitcoin is very important because of the cybercriminals. The blockchain technology must be improved upon to avoid hacking.

The security of all the blockchain must be updated always so as to avoid the penetrative of the cryptocurrency. The cybercriminals are really working 24 hrs to hack cryptocurrency account.

 

[Lens]

The security of all the blockchain must be updated always so as to avoid the penetrative of the cryptocurrency. The cybercriminals are really working 24 hrs to hack cryptocurrency account.

It is very correct that the security of the blockchain must be updated all the time inoder to secure the blockchain. The black hat hackers are on top of the situation.

 

[LadAckerman]

Bitcoin doesn't need more safety nets. This is because Bitcoin technology is mostly safe because it’s built on secure technology which is the blockchain. Bitcoin is also cryptographic, public, decentralized, and permissionless, but as an investment though, Bitcoin may not be safe due to market volatility.

 

[Ononivami]

It is very correct that the security of the blockchain must be updated all the time inoder to secure the blockchain. The black hat hackers are on top of the situation.

Bitcoin needs more safety by ite blockchain been improved on . The blockchain technology is the one that must be guarded by the developers. Space should not be left for the hackers to penetrative.

 

[Lens]

Bitcoin needs lots of safety precautions . The blockchain technology needs to be improved inorder to prevent penetration by the cybercriminals. This is one way to prevent hacking.

 

[Ononivami]

All cryptocurrency needs safety nets. The bitcoin needs lots of security apparatus inorder to float. The best thing to do right now is to ensure that the bitcoin will need lost of security architecture.

 

[Setho]

I just believe that people need to be more educated about how they can be able to protect their self and their wallet whenever they are doing any kind of activity online.

 

[Setho]

It is a good thing that we have been seeing less report of hacks in the past couple of weeks. I still believe that bitcoin should be able to increase an additional layer of security to protect people's funds.

 

[Smiles20]

The reason for blockchain technology is that everything can be verifiable and also it is anonymous. This is why it is very important to always cross check the address that you are sending your cryptocurrency to.

 

[Setho]

I believe that the reason why we are having a lot of this kind of problem is because of the way in which people are not aware about how they can be able to safeguard their wallet. If education is being promoted then we are not going to be seeing so much of this.

 

[zelalem]

Without that flaw, there is nothing. In fact, cryptography isn't very secure, but there are some mechanisms that individuals need to install to protect their wallets.

 

[Smiles20]

Not just btc but crypto in general, for countries who have adopted them as legal tender, I am sure these are some of the things they would have worked - safety and tracking of transactions.

The issue about cryptocurrency is that nobody wants to be able to involve the central authorities because that is going to defeat the initial aim while it was even created in the first place.

 

[Setho]

I believe that what bitcoin is right now is to be able to tighten their security as well as customer education. There are a lot of people who do not know about how they can be able to safeguard their wallet and proper education is the only way to achieve this.

 

[Sincerem]

The whole essence of the cryptocurency and blockchain technology is that it is a decentralise network of doing transaction,e-payment,virtual transfer and fiat in some aspect.That is the reason one need to be very careful with the address he is sending the coin to.

That's correct, and before you agree to send any crypto or make any payments for Crypto currency you intend to buy make sure those transactions are carried out on escrow this would enable for a more secure transaction.

 

[Lens]

There is absolutely no cryptocurrency without the need for security. The security of all the cryptocurrency must be in top shape inorder to prevent the activities of the cybercriminals.

 

[Bookwormlux]

If something like this is possible, I believe that it should be done because it is not easy to just continuously lose money to hackers who are always coming up with new strategies every blessed day .

 

[Lens]

The blockchain technology needs to be improved upon, most especially in the blockchain of the bitcoin. The bitcoin blockchain was dubbed as you very old technology.

 

[Ononivami]

Bitcoin needs more safety net in the actual sense that there are so many cyber criminals that are planning to penetrate the bitcoin wallet of so many people and they're actually succeeding with this.