Should We Trust Blockchain ?

[2tang]

blockchain does not mean it cannot be hacked because blockchain is not a security system but is a technology that can store and send data efficiently and can be used for any purpose depending on the user and the security level depends on the user so if there is hacking you cannot blame blockchain but it was a mistake from the developer who could not secure their project

[Oceat]

According To expect they always say blockchain can never  be hacked and your information can never be stolen .. But day in day out Hacker are hacking  crypto exchanges to steal people asset , ETH Suspended hard Fork because  of security  reason . HitBTC and Cryptopia are understand maintenance  because of hacker .  Are   they Using block-chain technology  to  deceive Us ?... 

To be honest
The questions should be do we have a choice ??

We still have to get involved with the crypto currency exchange to transact business one way or the other

I think the vulnerability will be eased soon

It is still better if people should not keep their crypto to any exchanges because it is vulnerable to any attacks. There are available hardware wallets already, all we need to do is to buy one or two to keep our crypto in it and it is totally safe. The fault is really on the exchanges and to the people who are lack of knowledge about of the exchanges.

[Slark]

It's different. They break into exchanges and steal money from those who are poorly worried about their safety. The blockchain itself does not pose any threat.

[monineklutak]

we have to believe in the blockchain because even though it can still be hacked but so far the blockchain technology is the safest so if we don't believe what other technologies will we trust?
The blockchain is the best technology at the moment but unfortunately there are always people who want to use it for their own benefit by cheating or hacking and this really tarnishes the name of the blockchain so it's not surprising that many people are starting to doubt the blockchain because there's always a destroyer

[Ranly123]

According To expect they always say blockchain can never  be hacked and your information can never be stolen .. But day in day out Hacker are hacking  crypto exchanges to steal people asset , ETH Suspended hard Fork because  of security  reason . HitBTC and Cryptopia are understand maintenance  because of hacker .  Are   they Using block-chain technology  to  deceive Us ?... 

Who says blockchain cannot be hacked? Of course it can ba hacked that's why cryptocurrencies and exchanges keeps on improving their securities so that malware's will not be able to catch-up to their updates.

[sixexgames]

Well I think the 51% attack on Ethereum Classic showed the risks involved in have a PoW consensus mechanism... especially for smaller coins of PoW, I'm not sure any of them is safe. And exchanges really need to make security #1 priority... we can't keep having these hacks happening.

[creeps]

blockchain does not mean it cannot be hacked because blockchain is not a security system but is a technology that can store and send data efficiently and can be used for any purpose depending on the user and the security level depends on the user so if there is hacking you cannot blame blockchain but it was a mistake from the developer who could not secure their project

Everything is vulnerable in cryptomarket, and I agree that the developer should maintain the most advance security to protect the system. Always remember that the technology is growing and the hackers are also using that advance technology to collect money. We can trust blockchain, but we should know how to secure it.

[IndianaJons]

Hard Fork Ethereum did not take place due to the lack of support from the mining pools. Over 40% of them did not support hard fork. Therefore, information about errors in the code was invented.

[terible.hunter]

My point of view as a whole does not change, because a very large number of people are interested in this technology today, so I think that now it’s probably just a technology and it is already changing the world.

[sergeykravchenko1959]

The blockchain platform is a technology that underlies the operation of crypto coins. It is transparent, decentralized and in the records of which it is impossible to make changes. You can lose your investments if you are not careful when storing your coins, but this does not in any way relate to the blockchain, but only to the exchangers and purses that you use.

[ivaf]

According To expect they always say blockchain can never  be hacked and your information can never be stolen .. But day in day out Hacker are hacking  crypto exchanges to steal people asset , ETH Suspended hard Fork because  of security  reason . HitBTC and Cryptopia are understand maintenance  because of hacker .  Are   they Using block-chain technology  to  deceive Us ?... 

You are a little confused. Blockchains do not hack. They can be attacked, but not hacked.
In the cases you have listed, we have:
- for exchanges - the site security system was hacked, as a result of which the attacker was able to withdraw funds;
- for Ethereum hardfork - it was postponed due to a bug found in the update code (to fix it).

[Rapidgator]

According To expect they always say blockchain can never  be hacked and your information can never be stolen .. But day in day out Hacker are hacking  crypto exchanges to steal people asset , ETH Suspended hard Fork because  of security  reason . HitBTC and Cryptopia are understand maintenance  because of hacker .  Are   they Using block-chain technology  to  deceive Us ?... 

If they think that there is a real issue of suspended hard fork that means they're really want to share only the best version of the project. I would be starting sceptical thinking with some bigger issues related to blockchain technology.

[Febo]

According To expect they always say blockchain can never  be hacked and your information can never be stolen .. But day in day out Hacker are hacking  crypto exchanges to steal people asset , ETH Suspended hard Fork because  of security  reason . HitBTC and Cryptopia are understand maintenance  because of hacker .  Are   they Using block-chain technology  to  deceive Us ?... 

Not sure why you mix centralized exchanges into block chain. But any block chain can have a bug. It all goes to how many eyes there is to check the code and how many people test on testnet before it goes live.  You can notice difference between Monero and Bitcoin towards Etehreum. First two are making baby steps not risking bugs. Ethereum just jump no matter what will happen. They can rewind their immutable code anyway.

[kewlc3s]

What you wrote it is not about blockchain itself.
Blockchain itself we could trust. We can't trust coins and exchanges. But blockchain will never lie

[capableuwa1]

What you wrote it is not about blockchain itself.
Blockchain itself we could trust. We can't trust coins and exchanges. But blockchain will never lie

Thanks for clarifying the information here. Blockchain have proven to be trusted times without Number, but do we have an option to trust the coin? This is one of the main issue that needs to be resolve. Coins can't be trusted as well as exchange. Few days ago, Cryptopia security system was breached and they are still trying to recover millions back.

[Luke NY]

You can trust the blockchain, which has good protection, because now in the world there are many reasonable burglars and scammers. This technology with many features that we use, and it can be trusted, despite the threats.

[Gekkoo]

Why should not we trust? ETH is centralized and has demonstrated this in countless moments, you need to rely on something even when this something allows you to be trusted, then you can look for another! It is not correct for you to analyze a part and place it as absolute. Ethereum is just another platform with features that a simple person can interact with a "blockchain" in simplicity, but already countless people and the blockchain concept and even its definition is superior to Ethereum.

[playboy654]

Why should not we trust? ETH is centralized and has demonstrated this in countless moments, you need to rely on something even when this something allows you to be trusted, then you can look for another! It is not correct for you to analyze a part and place it as absolute. Ethereum is just another platform with features that a simple person can interact with a "blockchain" in simplicity, but already countless people and the blockchain concept and even its definition is superior to Ethereum.

My general open in his if anything will give the perfect for your investment then you can definitely trust that way so black chain is the most profit giving business so you can definitely trust that for your future.

[crenfrosck]

The system itself is quite unbreakable. Yeah, exchanges are extremely vulnerable, but they play a "passive role" of the blockchain. Try shutting down tens of thousands decentralized computers at the same time- seems pretty difficult to me. On the other hand, prevention of any kind of even hardly imaginable attack is leading to even more secured network. That is not bad for us, "good guys," huh? Nothing is perfect and I believe that someday the perfect execution of hackers´ wet dream might occur- but for several years, we are not there yet  .

[BCTS]

I think blockchain is one of the most brilliant ideas of the 21st century. If it had been introduced earlier, the demand would have been even greater. Anyway, I trust this technology.