The way they bitcoin was designed made it practically impossible for the coin for transactions done on it to be reversed once it has been sent. That's the faceless nature of bitcoin.
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Do you think this can still be achieved because if you read more on cryptography you will understand that it may be almost impossible for a duplicate bitcoins to be created to implicate the original bitcoins.Since Bitcoin did and other coins are valuable asset then there is nothing wrong in improving and increasing it's safety net so as to avoid loss.
The decentralized blockchain technology is of high security quality and the only thing that could compromise the security measures is whenever you reveal the security keys.I think that bitcoin and other crypto currencies are well secured. All you need to do is to avoid disclosing you informations such as you pin or password to anybody. Always lock you phone when ever you're in public.
The black hat hackers are always looking for loopholes to capitalie on. You will have to ensure that no gap is left for the hackers to penetrate. So far so good, blockchain is very secured.There is actually a need for more safety net , especially considering the fact that it comes with so many challenges and money lost through it can never be regained at all .
That is why I am thinking it would make sense for government agencies to adopt block chain technology as it is very much reliable than any other alternatives available.The black hat hackers are always looking for loopholes to capitalie on. You will have to ensure that no gap is left for the hackers to penetrate. So far so good, blockchain is very secured.
The blockchain technology offered lots of love goodies and it could be used in many areas including the elections. The corruprt government will never support the technology because it cannot be controlled.That is why I am thinking it would make sense for government agencies to adopt block chain technology as it is very much reliable than any other alternatives available.
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.Bitcoin need more security likewise others cryptocurrencies. The major reason why bitcoin needs more security is because the cybercriminals are on top of their games to steal people's funds.