Should We Trust Blockchain ?

[Sri rahayu]

I believe in crypto I think this is very important because here there are many opportunities that can make money. But we also have to be careful in doing anything and do not act that makes you suffer losses.

what you say, you don't read what is being discussed, I hope you read first before reply on the thread.
 About exchanges being hacked, because their security system is still lacking, and must be corrected immediately. The blockchain is different matter of the discuss , and the blockchain will still be used and will grow further in the future and I believe it.

Hacker will hack the server, not the blockchain

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[MikeyVeez]

Blockchain is the thing that should bring trust to the market. Thanks to smart-contract we do not need an intermediary or judge. Even you do not know the person with whom you deal, but thanks to blockchain you can be sure that everything will be okay.

[voltesbit777]

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 ?... 

Yes why not. Blockchain for me is the one really to solve the corruption in all countries in the entire world. If they just only know what is the benefits of Blockchain, for sure majority of the country would become prosperous in the near future. And I do agreed that it can't be hack by the hackers easily, instead it will be hard for them to steal it.

[indrakusumaindra]

The comment above is absolutely correct. Centralized exchanges spend very little attention on security and a lot of attention on making big profits. I am sure that this is not the last major and successful hacker attack on the stock exchange (there are thoughts that Cryptopia itself arranged this attack in order to get the money of its clients).
Do not keep your money on the exchanges!

Yes i do agree that decentralized is better and we should trust blockchain technology cause its more transparant and more safer in term of security.

[CryptoBuds]

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 ?... 

Exact the same things happened with credit cards for a pretty long time since their appearance. Same things were with the wild west, when every now and then banks were robbed. The crypto is young and there is a lot things should been done to bring crypto to the mainstream.

[Maknae09]

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 ?... 

How could you possibly say that if there are billions and billions of dollar circulating through block chain? Well, yes it is still vulnerable but think of the bright side such as it just need many hashpower and it is strong enough.

[bitcoindusts]

Everything can be hacked, nothing is impossible to the technology. But the characteristic of Blockchain which consists of hash is very difficult to crack. It is not practical to hack blockchain becauae of expenses. Everything will be affected. Should I trust Blockchain? Of course YES!

[trade2winnn]

For me it is more safe than a Bank,so how can you keep your tokens in your wallet,which is tied only to you,and others do not have access to it,so Yes,there are very large advantages,plus there were cases when banks are just a bunch of people threw for them and that's not what it was,and where garnotii what else it is not?

[neli234]

If you don't trust your property on the floor, you should buy a hard wallet and transfer all the coins in it (keep your key carefully). I still keep most of them on Binance, if the loss they will compensate me

[chriseasan]

Blockchain could be hacked and as you see there are enough examples of doing it. The point of trust is the lack of the third party and that people can exchange, share, or buy funds from each other without paying any fees.

[TooDumbForBitcoin]

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 ?... 

What a shame... You need to read not only a headers of articles. This exchanges are centralized pieces of shit. As for Ethereum it wasn't a bug, it is additional take care about smart contract programmers who will write code with the one old principle what  can make this contract vulnerable

[cytpoway121]

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 ?... 

It is true they said that Blockchain can not be hacked
But I do not see crypto currency as an perfect Blockchain , it’s more like a tip of what Blockchain is generally

But are they deceiving us ? I’m not sure what to tell

[tonibyuzen]

Blockchain technology has nothing to do with exchanges, exchanges are centralized and this is one of the main problems. The blockchain technology itself is really safe. Every exchange user should understand that they are intended for trading, but are not suitable for storing your coins. Therefore, you should think about your own safety and keep your coins in your wallet.

[atjiat]

Blockchain technology has nothing to do with exchanges, exchanges are centralized and this is one of the main problems. The blockchain technology itself is really safe. Every exchange user should understand that they are intended for trading, but are not suitable for storing your coins. Therefore, you should think about your own safety and keep your coins in your wallet.

It seems to me that security problems in the means of many cryptocurrency users are of a special nature, and in the first place it does not concern the blockchain technology itself. If we take into account the security of the ethereum tokens, then their safety depends primarily on the user's care and his safe actions.

[Hoofprint]

Blockchain is a technology for storing data and information about the processing of this data. Due to the fact that this data is stored on many computers at the same time, the blockchain is really safe and not subject to hacking. But exchanges do not use blockchain technology, they are centralized and this makes them vulnerable to hacker attacks.

[ataki]

ETH rescheduled Constantinople upgrade as the code audit discovered some dangerous security vulnerabilities to ETH smart contracts. It has nothing to do with the hackers. The blockchain is safe, the hackers are attacking the exchanges and the devices we use. We have to be cautious and protect our devices maximally.

[Gab20]

Immutability is a unique characteristic of blockchain and that is not a mistake.
As for the exchanges that were reportedly hacked, well we cannot yet conclude if they were hacked.
What everyone needs to know is that, the coins stolen were stored in on a central server, where if hacked,

[letyouearn]

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 ?... 

Blockchain is just a new technology. It's too raw still. So, it's obvious that some breaks and hackings will happen in the nearest years. This will happen often until developers will learn on their mistakes and improve their security systems enough to withstand all these attacks.

[boty]

of course you have to trust the blockchain and with blockchain technology it can be very useful to make payments and record encrypted data and all transactions can be recorded and can be seen by everyone, so I think this blockchain is the technology that should be able believed in.

[macstrong12]

We are using bank system now and it means we are trusting banks and people can manipulate numbers in banks because they are centralized, I would rather trust to numbers instead of people, It is always safer because 2+2 is always equal to 4.