Techopedia - While popular blockchains like Bitcoin are secure due to decentralization, crypto hacks happen elsewhere, but quantum computing might change the game in the future

in blockchain •  11 months ago 

https://www.techopedia.com/experts/why-cant-blockchains-be-hacked
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Popular blockchains like Bitcoin are "unhackable" due to decentralization and distributed infrastructure, unlike exchanges and wallets where most crypto hacks occur.

Various technologies like hashing, consensus mechanisms, and crypto economics secure blockchains, while quantum computing poses a potential future threat.

While small blockchains can be hacked (e.g., 51% attacks), established ones like Bitcoin haven't been, making them highly secure for crypto storage.

Beware of hack on exchanges and wallets!!

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blockchain horror hack bitcoin secure decentralization crypto quantum
11 months ago by

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