IS IT TRUE THAT CYRPTOWORLD IS PRUNE TO HACKERS?

[gabbie2010]

The past year has seen the rise of Bitcoin and other cryptocurrencies. The increase as witnessed in the cryptoworld attracts many investors, ranging from those who understand the ideology of Bitcion and newbies whose idea was to get rich quick from investing into Bitcion world. The growth in cryptomarket also leads to increase in cybercriminals. The rate at which hackers were attacking exchanges are on the increase.

I just need your suggestion on how to curb menace of hackers in order to build investors confidence in this cryptoworld to optimum level.

Every internet related systems are prone to hacking not only cryptoworld its on record that some banking system too had been hacked by hackers other e-currencies too like PayPal,skrill etc had been subjected to hacking even forex accounts too had been hacked however the bottom line is ensuring that our account is well secured by deploying every available tools.

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[jeffer8035]

what hakers is a problem what can be done is to place more security to leave a part of the crypto out of the network and work only with the needs and have highly trained groups in the exchange of currencies to avoid these attacks placing cybernetic barriers the hakers you know that  the bitcoin every year that passes grabs more value and that's why those constant attacks have to have all encryption to avoid theft and take care of our private keys without our keys can not open our wallets

[teejayrichard2]

everything online not just cryptoworld is prone to hackers. hackers are always on the look out for money which they will steal from people online to enrich themselves. cryptoworld like all other online stuffs are prone to hackers and it is our responsibilty to make sure we take decisive measures to protect our online investments

[wormgummy019]

The past year has seen the rise of Bitcoin and other cryptocurrencies. The increase as witnessed in the cryptoworld attracts many investors, ranging from those who understand the ideology of Bitcion and newbies whose idea was to get rich quick from investing into Bitcion world. The growth in cryptomarket also leads to increase in cybercriminals. The rate at which hackers were attacking exchanges are on the increase.

I just need your suggestion on how to curb menace of hackers in order to build investors confidence in this cryptoworld to optimum level.

Yes, crypto world is prone to hackers. So we should secure our bitcoin to hackers. Crypto is prone to hackers because it is online. There are many hackers in online.

[BLAST2MARS]

It is prone but thanks also to this forum and media outlets, the attempts on individual people are lessen because they inform more and more awareness on the public against many forms of hacking. I'm not just sure if exchanges are still safe from group of talented hackers.

[nonconformist]

Maybe what you mean is "prone" to hackers not "prune" to hackers. If that is what you mean, then yes, I think BTC is. Because now, BTC is the largest honeypot bounty to whoever will be able to hack the bitcoin network. But goodluck to them because the bitcoin network itself is unhackable. But which is the next best thing to hack after the bitcoin network itself? It is the people who hold cryptocurrencies and bitcoin in their own wallets by hacking their passwords for their wallets. As well as the exchanges. Because these are still controlled by people not by algo.

[sarungmen]

it is indeed so interesting btc that hackers compete to get in and screw up in it, careful attitude and careful storing keys may be the way to minimize us so that not being touched by honest hackers is very detrimental

[Ilegendph]

I am blaming the developers of exchangers, They have to put more priority on cybersecurity. We know that hackers are using every means and are using different ways to hack. It is like our residence, as arm robbers are using different ways to penetrate people house, people  also solidify  security of their houses.

You can't blame them at all, there are just people who wants easy money and one of doing this is to hack someones account and steal his/her money  and identity. Exchanges also learns from the past and developing the security of their website to a optimum level. We don't know the other vulnerabilities of an exchange just like what happen to etherdelta in which i thought a unhackable exchange but the hackers find a way to penetrate users information by attacking the DNS. I just suggest that these exchanges should update their security and reward those who can see its vulnerabilities.

[libert19]

The whole world is prone to that. Irl you get scammed, on Internet you get hacked. Caution is required on both sides. Awareness is the only thing that can curb it but there will always be newbies who fall for it (and then and only then they will learn).

[anatolykarpov]

It's not just the Cryptoworld that's prone to hackers. Hackers can be everywhere. You need to get rid of internet if you don't want hackers. However, if you do your homework right and take some simple precautions to prevent getting hacked, then you are pretty safe.

[cathalary153]

This is one of the great problems that the cryptographic community is facing and this is because all encryption operations are embedded anonymously. This is a growing threat. The frequency of electronic money hacking these days seems to only increase. I do not know that any financial system is evidence of hacking or cheating 100%. One must be able to invest their money confidently without fear of losing hackers. Yeah it is very true but then, everything in the world is prone to hackers. Yes, because people are very genius even do bad things like hackers. It's easy for them to steal someone else's wealth from their hard work ... Do not click on any malicious website.