Home Blockchain Can the Blockchain Be Hacked?

Can the Blockchain Be Hacked?


For most people who aren’t well versed in the world of bitcoin and other cryptocurrencies, digital coins and the underlying blockchain technology can be really confusing.

Common questions include: What is the blockchain? How do you make coins? How do you verify a coin transaction? Are coins volatile?

Then there’s the battery of questions related to underlying security. Boil it down into a simple question: you might say – can the blockchain be hacked?

We’re not going to go into the whole history of cryptocurrencies here, but at the fundamental level, blockchain is an “immutable ledger” technology where transactions are verified and recorded through a decentralized system.

The idea is that the blockchain holds coins and ownership chains more securely because it is decentralized – in other words, data flow takes place “at the edges” of the network and is rigidly encrypted.

Previous article5 Ways Blockchain Benefits Mobile App Development Services
Next articleBitcoin Price Pattern Hints at Short-Term Rally to $4K
1.21GWS aspires to be a trusted media platform for people and technology. Vision - To provide more visibility to corporate leaders Mission - We will develop a media brand which will enlighten and touch the hearts of 1 Million by 2022 via story telling and inspirational articles. If you want to be a part of this time, write to naveen@1point21gws.info Twitter: https://twitter.com/1pt21gws Facebook: https://www.facebook.com/1point21gws/ Linked in : https://www.linkedin.com/company/1point21gws/ Instagram : https://www.instagram.com/1.21gws/ You Tube : https://www.youtube.com/channel/UCAI9R4oCOKKuUG3YCwFnp-w