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Author Topic: the risk of blockchain  (Read 195 times)
Justin Monizz
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August 10, 2018, 01:08:25 AM
 #21

To me, when that happens, everyone's information will not be safe anymore, it will be revealed
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The block chain is the main innovation of Bitcoin. It is the first distributed timestamping system.
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Gary Joness
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August 10, 2018, 01:20:30 AM
 #22

I think this is very unlikely because the block technology is improving
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August 10, 2018, 01:29:24 AM
 #23

Will there be an infinite amount of blockchains used or will data be stored on an filtered amount of blockchains?

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August 10, 2018, 01:32:43 AM
 #24

correct me if im wrong base on what i have read...blockchain connects one thing to another...my question is what if it was hacked or it was bugged? do all the informations were safe or will it be sustained?

Blockchain systems are unhackable (so far). We know this because Bitcoin is worth Billions of dollars and has been attacked by the most sophisticated hackers over the course of the last 9 years. Nothing has happened yet and bitcoin has been running just fine 24/7/365. As far as bugs are concerned, Bitcoin has bugs currently and has had them in the past. There was a leveldb bug many years back. In the event of a major bug in the network, the network can be hard-forked to resolve the bug. This should only take place though if it is a very, very serious issue. A perfect example of a more recent bug in Bitcoin was a bug known as transaction malleability. The recent Segwit soft fork actually resolved this bug and the network experienced 0 interruptions during this upgrade. From a computer science point of view, that is simply amazing.
Blockchain technologies aren't unhackable, instead of the cryptographic that power the blockchain is the things who unhackable. If somehow the blockchain itself using a weak cryptography method it will become more volatile to cracking. Then the blockchain itself has a higher chance of being flawed.

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AnnaJames12
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August 10, 2018, 04:39:21 AM
 #25

While the problem of hacking math is causing many investors to worry, questions related to the cause of money loss and security issues of Blockchain technology are frequently mentioned. I explain to you like this
The emergence of Blockchain technology creates a milestone that helps us change our way of recognizing and recognizing society. The most significant potential of this technology is the provision of smart contracts: trade agreements will be confirmed without intermediaries so information will not be disclosed.
This technology is also considered as the core of everything in the internet world. Unfair, fraudulent efforts in the internet world will be minimized and electronic devices can communicate with each other safely and transparently.
With the potential that this technology is being widely applied in many companies, large corporations in the world. It is also considered to be very potent in the future.
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