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Title: Is Ripple (the cryptocurrency, not the txn protocol) safer from hackers than btc Post by: dynodog on March 05, 2014, 09:23:27 PM Trying to understand ripple, the cryptocurrency part of it, better, thx.
Title: Re: Is Ripple (the cryptocurrency, not the txn protocol) safer from hackers than btc Post by: greenlion on March 05, 2014, 10:20:17 PM That's kind of too unfocused a question to really answer, and the assumptions behind how it's phrased are leading because it suggests that the security of balances is strictly inherent to the protocol / system itself and not necessarily best practices on the user software side.
Title: Re: Is Ripple (the cryptocurrency, not the txn protocol) safer from hackers than btc Post by: Sukrim on March 07, 2014, 03:40:36 PM It is (as so often) much more dependent on how you secure your private keys than the crypto system itself. Ripple (the network) is more robust concerning 51% mining attacks, as it uses a different mechanism there, though if this means it is more safe from hackers has yet to be tested/proven.
BTC and XRP on paper wallets are both likely very safe from "hackers" if you followed some basic security procedures when generating and producing the wallets. They mostly use the same/similar crypto primitives by the way, so if ECDSA turns out to be broken, both currencies would be in trouble. |