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Author Topic: The risk of cybersecurity on the adoption of blockchain technologies  (Read 50 times)
spacelens (OP)
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June 11, 2021, 03:33:21 AM
 #1

In the past few days, we have seen the number of cybersecurity attacks rise relatively rapidly. Not only these attacks seem to be more and more prevalent, their scale and impact has also unfortunately grown rapidly. Going one step further, we can also see that these attacks create a bad press for the blockchain and cryptocurrencies even if the way these attacks happen technically have nothing to do with the blockchain in general. Only the exchange of payments, when it happens, is often done in cryptocurrencies.

What is even more interesting is that in reality, it is because of the centralization of different infrastructures that many of these attacks can take place. Having a decentralized infrastructure would most likely reduce the type of attacks that are possible or the way some of these people take control of entire system.

The issue is that the world is not yet developing an understanding for this important nuance. On the contrary, mainstream media would often associate, too rapidly, the rise of these hacks with the rise in adoption of bitcoin and other blockchain tokens.

We expect this debate to further accelerate in the months to come, forcing some governments to take some measures which may look good politically but which will only delay the rapid adoption and innovation of more blockchain and decentralized technologies which could help in reality solve the issue at hand.
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Ucy
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June 11, 2021, 09:03:30 AM
Last edit: June 11, 2021, 11:49:17 AM by Ucy
 #2

The root cause of the attacks is sin and rebellion against the CREATOR. As sin increases, such attacks and other evil increases too.
Ofcourse, I expect hypocrites to look for scape goat instead of focusing on tackling evil and lawlessness in society.
The problem with blaming others is that they will desire a false "messiah" who will try to restrict or takeaway the freedom things like cryptocurrency offer, for "peace and safety" of those who will be deceved...And they will accept the mark of the false messiah in order to live safely under his protection.
semobo
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June 11, 2021, 10:50:37 AM
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The reason why the hacks and cybersecurity crimes are increasing is just that the security wall of those companies or social media is weaker than the hacker's smartness so the company needs to develop their security system but they started to blame the decentralized payment system such as bitcoin because all the hackers wants the payments in that way.
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