There may never be complete security with cryptocurrencies

[BrolySSJ]

One of the things that everyone looks for when it comes to cryptocurrency is the security that it should be able to provide them and that is how they choose the wallet that they are going to use. This is why if you have a lot of cryptocurrency you choose a hardware wallet over a software wallet. However, it is possible that cryptocurrency may never become a completely secure system, and we may always be vulnerable to hacks.

The reason that I am saying this is that at the end of the day cryptocurrency is an online platform and transactions happen online as well. When it comes to any online platform there's always a certain degree of uncertainty that happens, and there's always the likelihood that it could be hacked possibly through a backdoor.

With the way technological advancements are being made especially in hacking, it is possible that this will just continue and people will become more experienced in hacking, and it may endanger funds. The only way to ensure safety is to not be online and that is not an option when it comes to cryptocurrencies. Therefore, do you agree with me in the sense that cryptocurrencies are always going to be vulnerable to hacks as long as it is an online platform?

 

[Succjay]

I think I agree with you that crypto currencies are vulnerable to hackers in the sense that it is an online platform where hackers finds it very easy to hack into people's profile and do whatever they want.

 

[Taimoor Jutt]

Yes very true. It is too hard to secure complete at online level unless it is offline things. Because hacking is very possible thing which can hack your account and wallet too. But see Online Wallet can be hacked so it is insecure so people tend to use hardware wallet which csn easily plugged in PC and a safer way.

 

[Oloritoks]

Yeah , the security imperfection of this cypto-currency has become an issue for many account holder who feel worried about these hackers making it look like something that never go away, but I believe it can still be tidied up.

 

[Rashid]

You are right, because online wallet and account can be hacked or banned even can be folded up by company, so there is bit risk in this sense, Hardware wallets are much saver than online. You can collect your mobey in them by using laptop or any stetem whenever you want . But there is always risk by Criminal in Crypto currency.

 

[Prettybabe]

I very much agree with you that there is no percent security with cryptocurrency, in as much as it happens over the internet. But then again, we try our best to protect our wallet from hackers while we hope nothing happens to it too.

 

[Shivay]

One of the things that everyone looks for when it comes to cryptocurrency is the security that it should be able to provide them and that is how they choose the wallet that they are going to use. This is why if you have a lot of cryptocurrency you choose a hardware wallet over a software wallet. However, it is possible that cryptocurrency may never become a completely secure system, and we may always be vulnerable to hacks.

The reason that I am saying this is that at the end of the day cryptocurrency is an online platform and transactions happen online as well. When it comes to any online platform there's always a certain degree of uncertainty that happens, and there's always the likelihood that it could be hacked possibly through a backdoor.

With the way technological advancements are being made especially in hacking, it is possible that this will just continue and people will become more experienced in hacking, and it may endanger funds. The only way to ensure safety is to not be online and that is not an option when it comes to cryptocurrencies. Therefore, do you agree with me in the sense that cryptocurrencies are always going to be vulnerable to hacks as long as it is an online platform?

Well brother i completely agree with you. Even , when the cryptocurrencies will be officially adopted then these hacking will increase more and the funds will be more vulnerable. I think the thing that can stop this is only introduction of hardware wallets but it will take some time.

 

[Mave24]

When it comes to the online world, anything on any platform can be used for hacking. I agree that it is vulnerable for security breach and have the possibility to be used for criminal activities such as hacking. It is difficult to protect something that isn't physically seen or have like cryptocurrencies.

 

[Emma Aneni]

You are right, because online wallet and account can be hacked or banned even can be folded up by company, so there is bit risk in this sense. I agree that it is vulnerable for security breach and have the possibility to be used for criminal activities such as hacking.

 

[Erik4150]

It depends on the cryptocurrency wallet you are using. Some wallets I know are very secure and they use twelve words verification and other security features to protect the user's cryptocurrency from hackers. Users too have to be careful and must share a wallet with anyone.

 

[Bilal0087]

One of the things that everyone looks for when it comes to cryptocurrency is the security that it should be able to provide them and that is how they choose the wallet that they are going to use. This is why if you have a lot of cryptocurrency you choose a hardware wallet over a software wallet. However, it is possible that cryptocurrency may never become a completely secure system, and we may always be vulnerable to hacks.

The reason that I am saying this is that at the end of the day cryptocurrency is an online platform and transactions happen online as well. When it comes to any online platform there's always a certain degree of uncertainty that happens, and there's always the likelihood that it could be hacked possibly through a backdoor.

With the way technological advancements are being made especially in hacking, it is possible that this will just continue and people will become more experienced in hacking, and it may endanger funds. The only way to ensure safety is to not be online and that is not an option when it comes to cryptocurrencies. Therefore, do you agree with me in the sense that cryptocurrencies are always going to be vulnerable to hacks as long as it is an online platform?

Yes dear you are absolutely right with the advancement of technology, fake illegal and scammers are also becoming modern which are increasing the risk factor for online investment and transections. We need and extra advanced level security systems to avoid from hackers.

 

[Ridorz]

I can not doubt what is you said, because when we are talking about online there are some people that always busy with research of how to expert on hacking of account. Therefore, there is nothing that can't possible in this Earth. So, I greed with you.

 

[iamgroot]

One of the things that everyone looks for when it comes to cryptocurrency is the security that it should be able to provide them and that is how they choose the wallet that they are going to use. This is why if you have a lot of cryptocurrency you choose a hardware wallet over a software wallet. However, it is possible that cryptocurrency may never become a completely secure system, and we may always be vulnerable to hacks.

The reason that I am saying this is that at the end of the day cryptocurrency is an online platform and transactions happen online as well. When it comes to any online platform there's always a certain degree of uncertainty that happens, and there's always the likelihood that it could be hacked possibly through a backdoor.

With the way technological advancements are being made especially in hacking, it is possible that this will just continue and people will become more experienced in hacking, and it may endanger funds. The only way to ensure safety is to not be online and that is not an option when it comes to cryptocurrencies. Therefore, do you agree with me in the sense that cryptocurrencies are always going to be vulnerable to hacks as long as it is an online platform?

I strongly agree with what you said. All objects (not just cryptos) that land on online platforms are vulnerable to cyber attacks. When it comes to crypto, the wealthy holding crypto currencies know that, so most of their crypto is definitely hidden in hardware wallets. If they only let their crypto collections in online wallets, it would be easy for cyber criminals to clear it all.

 

[Chizfab]

Yes, most especially when you store your coins in digital wallet that can easily be assessed from any browser. Also, it can be hacked within the few minutes and all your hard earned coins will vanish. Same goes to those that store their in physical wallet via a USB. It can be stolen and your coins gone overnight.

 

[Shannn11]

Just like how fast technology evolves every now and then, so as criminals doing online dirty activities like hacking. The more it is technologically advanced, the more they'll learn on how to use it as an advantage. Cryptocurrencies will always have the possibility to be used as bait by hackers, scammers, and other criminal activities.

 

[Suba]

Because cryptocurrency transactions must be online, they are very vulnerable to hacker attacks, therefore we should store large amounts of crypto in cold wallets for the long term, while for daily transactions we can store them in hot wallets. and for trading we store on trusted exchanges.

 

[MarieArie]

Many different organizations, including those in the legal industry, use blockchain for several business functions. Blockchain allows users to record transactions over a distributed network of computers. The server is secure and the transactions are permanent, which makes verification easier. The transactions are also performed directly between users without the need for a third-party facilitator.
[automerge]1611974892[/automerge]
Many different organizations, including those in the legal industry, use blockchain for several business functions. Blockchain allows users to record transactions over a distributed network of computers. The server is secure and the transactions are permanent, which makes verification easier. The transactions are also performed directly between users without the need for a third-party facilitator.

 

[Sake]

Well that's true, it will never be have a flawless security but i guess we as holders/owners should also try and secure our coins like how we secure our fiat, if someone has a huge amount of crypto they should store it in hardware wallets. Im sure it will improve for years to come.

 

[Tariq Nazir]

Many different organizations, including those in the legal industry, use blockchain for several business functions. Blockchain allows users to record transactions over a distributed network of computers. The server is secure and the transactions are permanent, which makes verification easier

 

[Ralphjoe]

The thing is there is no platform that is 100% secured that can't be broken or that is impregnable. Cryptocurrencies which mostly do use of blockchain technology, I don't think there is any other thing that is as safe and secured as cryptocurrencies.