Is blockchain technology makes Bitcoin impenetrable?

[Rainlover207]

the block chain technology does make bitcoin impenetrable, that is, less susceptible to hacks. Could you imagine what would have happened if crypto as digital currencies were hackable? That is why several governments are employing its use in various sectors of their economies.

 

[Tariq Shehzad]

Blockchain technology is a very secured and impenetrable technology, so in answer to your question, The blockchain technology makes Bitcoin to be very impenetrable and it is very difficult to hack as every memebers it copies.

 

[Cybersec]

Blockchains are difficult to hack because every member has a copy of transactions, but they are not completely imperneted . Hackers need to gain access to multiple individual members in order to create fraudulent transactions and have them accepted.

 

[Yaqoob Habib]

Bitcoin works on blockchain technology. This means that every packet of information forms a block, and every block of new information is stacked on the previous block. Every piece of information passes through a public review system supported by individuals who donate their time and computer capabilities to organize this vast and growing body of information. But do u think that This complex structure makes blockchain technology safe?

Blockchains are dificult to hack because every member has a copy of transactions,but they are not completely impenetrable.Hackers need to gain access to multiple individual members in order to create fraudulent transactions and have them accepted.

 

[Noor khan]

Bitcoin works on blockchain technology. This means that every packet of information forms a block, and every block of new information is stacked on the previous block. Every piece of information passes through a public review system supported by individuals who donate their time and computer capabilities to organize this vast and growing body of information. But do u think that This complex structure makes blockchain technology safe?

Irrespective if the ongoing scams around defi wallets and other Cryptocurrency wallets etc. Its not easy as the mouth may say to penetrate blockchain network. Cos that is the centre of all Cryptocurrency productions. Any thing that has to do with mining, sending, withdrawal, receiving of coins all passed through blockchain. So imagine if the security is manipulated, that means all Cryptocurrency stored on it will be lost. That's why the platform is imbibed with full security pattern to make it uneasy for phiaing activities.
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Bitcoin works on blockchain technology. This means that every packet of information forms a block, and every block of new information is stacked on the previous block. Every piece of information passes through a public review system supported by individuals who donate their time and computer capabilities to organize this vast and growing body of information. But do u think that This complex structure makes blockchain technology safe?

Irrespective if the ongoing scams around defi wallets and other Cryptocurrency wallets etc. Its not easy as the mouth may say to penetrate blockchain network. Cos that is the centre of all Cryptocurrency productions. Any thing that has to do with mining, sending, withdrawal, receiving of coins all passed through blockchain. So imagine if the security is manipulated, that means all Cryptocurrency stored on it will be lost. That's why the platform is imbibed with full security pattern to make it uneasy for phiaing activities.

 

[Denuola]

Blockchain technology creates a permanent and immutable record of every transaction. This impenetrable digital ledger makes fraud, hacking, data theft, and information loss impossible. The technology will affect every industry in the world, including manufacturing, retail, transportation, healthcare, and real estate Companies as Google, IBM, Microsoft, American Express, Walmart, Nestle, Chase, Intel, Hitachi, and Dole are all working to become early adopters of blockchain.

 

[Atif3786]

marketers and advertisers have a surplus of tools to help nudge, persuade and even influence a person’s buying habits. From the classics like data derived from demographic, geographic and ethnographic sources to more forward thinking solutions like facial recognition, body language biometrics and even genetic profiling.
Not every company has the money to launch a multi-million dollar commercial. But by looking at prominent examples of advertising campaigns that failed and backfired spectacularly, it’s possible to isolate trends that marketers should avoid at all costs.

 

[Kingsley]

With the background knowledge i have about the blockchain network it is one of the most secured wallet ans network in the world that keeps our bitcoin and crypto currencies very safe, and free from all forms of fraudulent activities.

 

[Nomad]

It has been over 12 years since the blockchain technology and bitcoin have been launched and so far no one has figured out any vulnerabilities in blockchain. I think this is the safest technology

 

[Dowenship]

Bitcoin works on blockchain technology. This means that every packet of information forms a block, and every block of new information is stacked on the previous block. Every piece of information passes through a public review system supported by individuals who donate their time and computer capabilities to organize this vast and growing body of information. But do u think that This complex structure makes blockchain technology safe?

I believe also the transaction for pissing through the process again scare hackers since they are not willing to sacrifice their own funds to get more info of hacking the system...

 

[Chibson]

Blockchain technology has proven to be very reliable in the sense that it has made bitcoin and other cryptocurrencies unpenetratable and of course safe.

 

[Sotherefore]

From my little research about cryptocurrency I can said yes, but there are lot of news coming out these days that bitcoins in may not really be safe in the future as it is likely possible that scammers may look for opportunity to penetrate bitcoins system in the future.

 

[BrolySSJ]

Bitcoin works on blockchain technology. This means that every packet of information forms a block, and every block of new information is stacked on the previous block. Every piece of information passes through a public review system supported by individuals who donate their time and computer capabilities to organize this vast and growing body of information. But do u think that This complex structure makes blockchain technology safe?

I think that this technology is able to make it all very safe however i would not go as far as to say that it is completely safe because i think that there are always cases when it is vulnerable for online systems.

 

[greenie]

Irrespective if the ongoing scams around defi wallets and other Cryptocurrency wallets etc. Its not easy as the mouth may say to penetrate blockchain network. Cos that is the centre of all Cryptocurrency productions. Any thing that has to do with mining, sending, withdrawal, receiving of coins all passed through blockchain. So imagine if the security is manipulated, that means all Cryptocurrency stored on it will be lost. That's why the platform is imbibed with full security pattern to make it uneasy for phiaing activities.

 

[HayKay]

Yeah I think so because hacking this platform would mean you'll have to go through millions of blocks that you might have as well need to arrive at the beginning so as to cause any changes that wouldn't be detected and I'm not sure there'll be anyone that would be willing to undergo that risk.