Why no one could hack blockchain ?

[hani20980]

Each day we hear news about new hacks for wallets or exchanges but why since the creation
of bitcoin no one could hack blockchain or BTC transactions even smart and genius hackers ?

 

[Suba]

In theory the BTC Blockchain is not unhackable, but we need a hashrate of at least 51% on the blockchain network, so that hackers can control the blockchain to their liking. At least it takes the combined power of the 5 largest mining pools to be able to achieve a 51% attack. Although now the Stratum V2 protocol has been embedded. but this protocol is cryptographically signed by a large Mining pool. To carry out a 51% attack on the Bitcoin blockchain requires an hourly fee of around $ 770,000, what if this attack fails, will hackers not go bankrupt, so you have to think twice.

 

[Braga13]

Because every block related to the nxt one . So every one trys to hacks finds a thousands of problemes . It's unhackable and no one succeded so far

 

[Ralphjoe]

The block chain technology is not a hackable system because it is not a central system but it is a decentralized system of transaction processing method that can't be manipulated because there is no central authority that can control it.

 

[Patrik]

it's a bit complicated to explain, but in general, the hacker won't have to deal with one single centralized item, but lot of them as every block isn't only relied to itself but to other blocks

 

[Nomad]

Blockchain can be hacked. In fact it has happened multiple times. The recent incident of blockchain hacking happened for Poly Network. The hacker asked money in return to giving back the hacked poly network

 

[Dowenship]

Each day we hear news about new hacks for wallets or exchanges but why since the creation
of bitcoin no one could hack blockchain or BTC transactions even smart and genius hackers ?

Probably because the concept of blockchain is an old method which new hackers haven't learn about...

In theory the BTC Blockchain is not unhackable, but we need a hashrate of at least 51% on the blockchain network, so that hackers can control the blockchain to their liking. At least it takes the combined power of the 5 largest mining pools to be able to achieve a 51% attack. Although now the Stratum V2 protocol has been embedded. but this protocol is cryptographically signed by a large Mining pool. To carry out a 51% attack on the Bitcoin blockchain requires an hourly fee of around $ 770,000, what if this attack fails, will hackers not go bankrupt, so you have to think twice.

Wow.... Great knowledge here... We learn on daily basis...

 

[Kelly5]

In theory the BTC Blockchain is not unhackable, but we need a hashrate of at least 51% on the blockchain network, so that hackers can control the blockchain to their liking. At least it takes the combined power of the 5 largest mining pools to be able to achieve a 51% attack. Although now the Stratum V2 protocol has been embedded. but this protocol is cryptographically signed by a large Mining pool. To carry out a 51% attack on the Bitcoin blockchain requires an hourly fee of around $ 770,000, what if this attack fails, will hackers not go bankrupt, so you have to think twice.

Lol!!! Investing $770,000 to successfully carry out a hack that might or might not be successful. They would really have to think twice before embarking on such journey indeed

 

[Josemendez]

Blockchain can be hacked. In fact it has happened multiple times. The recent incident of blockchain hacking happened for Poly Network. The hacker asked money in return to giving back the hacked poly network

The poly network is a different story and is not blockchain. To control the blockchain the hacker needs to have access to many blocks up to 50% of the blocks , fortunately blocks are created daily and as such it won't easily be achieved

 

[Senator]

Lol!!! Investing $770,000 to successfully carry out a hack that might or might not be successful. They would really have to think twice before embarking on such journey indeed

Very true. Before that hacker will want to do this with such a huge amount of money, he really will have to think hard and deep if he can pull it off

 

[Thinker009]

I am not sure if it could be easily hacked , because of the kind of security available on the blockchain network , because even if the system is hacked it will be retrieved again because of the backup and others

 

[Yusuf]

Blockchain is the best crypto currency exchange platform in the world so I don't see any hacker going into the system and hacking anything out of the system. That's just the fact though.

 

[Dagm1]

The obstruct chain innovation is actually certainly not a hackable body since it's not a main body however it is actually a decentralized body of deal handling technique that cannot be actually controlled since there's no main authorization that can easily command it.

 

[joy101]

I don't think blockchain is easy to hack because the system is very strong to be hack, is not like other technology that is easy to be hack.

 

[Alexandoy]

This is an interesting topic because until now I still cannot clearly comprehend what a blockchain is and how it is functioning. Sometimes I get confused with the technical terms like what I had read in a comment above but it is all right because I am trying to learn.

 

[Shigobad2020]

Each day we hear news about new hacks for wallets or exchanges but why since the creation
of bitcoin no one could hack blockchain or BTC transactions even smart and genius hackers ?

Trying to hack a block chain will ever be a problems for hackers because every and each block chain is somehow related to another one, so it's like solving a multiple further mathematics in 5minutes which is impossible.

 

[Nurudeen]

Blockchain is one of the best crypto currency exchange platform in the world. They have strong security system and it will be very hard for any hackers to tap into their system.

 

[Jlife]

Blockchain is one of the best crypto currency exchange platform in the world. They have strong security system and it will be very hard for any hackers to tap into their system.

It is almost impossible for blockchain website to be hack because it is one of the most secured cryptocurrency wallets in existence, they have the best security system.

 

[Solutionav]

Each day we hear news about new hacks for wallets or exchanges but why since the creation
of bitcoin no one could hack blockchain or BTC transactions even smart and genius hackers ?

Am surprise

Blockchain is the best crypto currency exchange platform in the world so I don't see any hacker going into the system and hacking anything out of the system. That's just the fact though.

That is right, I think there security system is very strong that make it impossible for hacker to break through

 

[Rhapsody]

Each day we hear news about new hacks for wallets or exchanges but why since the creation
of bitcoin no one could hack blockchain or BTC transactions even smart and genius hackers ?

We an hear that there are hackers hacking exchanger and online wallet website. But they can never hack offline wallet for now. Because the Blockchain protocol is based on some mathematics calculation