Will cryptoccurrency scams fade away with this new blockchain approach?

[Lenipiw]

Among the events, DeFi is currently the most talked about. This involves dex. I think these can improve. But the blockchain will never be able to overtake. The most popular of the blockchain technologies is the greatest. The quality and standard of blockchain technology is much higher. So I think dex will play a role with DeFi to take blockchain technology further.

[Dociko]

The current situation is a bit better for the cryptocurrency market. Bounty condition was particularly bad. The Bounty campaign would not have been successful then. Bounty hunters have suffered the most. Even after running a scandalous project campaign for so long, some managers still think about the ups and downs. I think they should fall. Today, most people in the profession believe in blockchain. Blockchain technology is known as the best technology.

[Gubre]

Everyone might be feel glad because of new upgrade or new product to keep the account secure from scams or hackers but know also that this solution does not stop scammers because everytime there's new upgraded or new projects they always come up with another way to continue their wrong doing.

[Dora Walletinvestor]

While I agree with those who say scammers will always exist, I think more could and should be done to prevent them. On-chain regulations might help but I don't think there will be much improvement until there is proper legal regulation and oversight over new crypto projects.

[Istiak]

Human being has a good reputation for adopting in any situation. Scammers also becoming creative and they always find a new way to scam people. So no matter how hard the security will be some people will scam other people and some people will be scammed very easily. we need to be more responsible first.

[vegasus]

I'm really not sure about this. because as we know that the blockchain is a technology and we can really know how to create our business wee. But in my point of view os about the other people whoa re scamming, they will probably take the decision to tell about his mistakes. but not for here right now

[vegasus]

Scammers will always here and also involved in the projects because scamming people, may be  what only they get. Additionally, it is also about the trust of the proejct. once they follow and also ignore about the someone you lpve. I will be think if I really bet you in thiscase

[Galley]

As long as cryptography will exist, fraudsters will continue to exist. Everything is similar to conventional assets. Whatever the methods of protection, there are craftsmen on them. And it is almost impossible to identify each wallet.

[bigcash2011]

Yes i think 2FA and other security measures have resulted in less cases of theft and hacks as far as exchange platforms are concerned so i guess this 2FA or something similar should be implemented on all other wallets and services where the coins are stored so that only real owner can access the wallet.

[Riseback]

Scammers will definitely stay and improve their skills depending on the protection against them) The Blockchain will not be able to protect against them completely. This is obvious

[Galaxy]

No matter how many platforms come along, blockchain technology will remain. Blockchain technology and prestige far outweigh other platforms. All the cryptocurrencies that are members of the blockchain have improved a lot. So I think block SIM technology scam project may come. But we can't be excited. I think in the future some good methods will be introduced, which will not be able to scamming.

[Delgboke]

Definitely any cryptocurrency project that's not genuinely developed we surely fade out of the crypto market especially those cryptocurrency built under the intention of scaming people or self rich people just to enrich themselves for me some of them do come up with funny story before you know it the project is gone.

[trauchot]

Unfortunately, the cryptocurrency sphere is very popular with scammers and there is nothing you can do about it, so you should always carefully study each cryptocurrency company in which you want to invest because scammers are constantly evolving and it is more and more difficult to understand which cryptocurrency company is a scam, so always be careful.

[Andruha1993]

I think how fraud has been and will be. And this is inevitable. The blockchain comes up with something new and scammers are also on the alert and also come up with something new. Therefore, everything is very complicated here.

[pelana vreo]

~snip~
The only way forward to avoid them would be to enforce strong regulation and have offchain identity system like Concordium enforces. This would discourage the malicious actor to be easily identified, since every wallet will be linked to a real world Identity without publicly revealing them.

Making sure to enable 2 factor Authentication and having strong passwords are also some of the common security practices to follow. But making sure we have inbuilt security features like I mentioned earlier would make crypto safe and secure for even the not so technical crowd.

I just heard about this project, maybe many projects that are almost similar, but I am interested in reading a little of the team statement on the official website of Concordium.

https://concordium.com/

Concordium methodology
Concordium follows a proven methodology to ensure that our protocols are scientifically based and there are no bugs in the software.

Only one question I have, is the software really bug free?
Because exchanges as large as Binance often lose Bitcoin to hackers.