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Author Topic: Insecure blockchain  (Read 13794 times)

Offline AltLogan

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Insecure blockchain
« on: November 17, 2018, 04:21:20 PM »
I’am on the beginning of learning cyber security.
I have basic knowledge of blockchain. As I understand, it is impossible to hack and steal info as it has advanced keys. But recently I have looked through some forums and found some threads about hacked DEXs and assets leaking.
Do you think blockchain is 100% safe?
Please share your knowledge.

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Insecure blockchain
« on: November 17, 2018, 04:21:20 PM »

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Offline AltLogan

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Re: Insecure blockchain
« Reply #2 on: November 18, 2018, 09:31:11 PM »
We would appreciate if you could also share more info about the hacks and asset leaks.

The technology itself is safe. Some sick minds are just smart enough into fooling other people. Take etherdelta gor example.

Well, I can' share friend's experience, but I have to know why there are some cases of assets leak.
I really worrying about that.

Offline luvr1000

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Re: Insecure blockchain
« Reply #3 on: November 18, 2018, 10:43:30 PM »
I think that blockchain is impossible to crack, but if it is used on stock exchanges, then it is possible to crack it; there are a lot of such examples connected by exchanges, I just don’t understand how fraudsters do it ???
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Offline ComeBack

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Re: Insecure blockchain
« Reply #4 on: November 18, 2018, 11:00:21 PM »
I agree to some people who answered that blockchain is really secured but once the projects used it there's a lot of possibilities that some people can crack it from them.
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Offline Bica

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Re: Insecure blockchain
« Reply #5 on: November 19, 2018, 02:20:15 AM »
Nothing can be 100% safe. It's only in your ideal world. I'm sorry.

Offline expander

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Re: Insecure blockchain
« Reply #6 on: November 19, 2018, 02:32:18 AM »
every technology certainly has their advantages and also risks. if we can use it well then we will also get the benefits, but if not then we can get the risk. Blockchain technology is a sophisticated and safe technology, if we can use it well then it will be profitable.

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Re: Insecure blockchain
« Reply #6 on: November 19, 2018, 02:32:18 AM »


Offline Rektymz

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Re: Insecure blockchain
« Reply #7 on: November 19, 2018, 02:38:43 AM »
in my opinion the blockchain technology is very safe, because, to be able to break into this technology, hackers must break into many validated servers. Because, the blockchain system uses a distributed (decentralized) server system. Not using a centralized server system as applied to the data center (data center).
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Offline AltLogan

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Re: Insecure blockchain
« Reply #8 on: November 20, 2018, 02:38:07 PM »
I agree to some people who answered that blockchain is really secured but once the projects used it there's a lot of possibilities that some people can crack it from them.

Let's imagine, if someone possible to create blockchain, there are some hackers who can crack it.

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Re: Insecure blockchain
« Reply #9 on: November 20, 2018, 02:42:57 PM »
Even a blockchain will not help you to protect your data or money if any hacker will want to hack you, each defense has its own security holes and an experienced hacker can always find them.
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Offline AltLogan

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Re: Insecure blockchain
« Reply #10 on: November 21, 2018, 11:30:51 AM »
every technology certainly has their advantages and also risks. if we can use it well then we will also get the benefits, but if not then we can get the risk. Blockchain technology is a sophisticated and safe technology, if we can use it well then it will be profitable.

How can I use it well?
Any recommendations?

Offline ShouldIDidItOrNot

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Re: Insecure blockchain
« Reply #11 on: November 21, 2018, 12:54:26 PM »
I’am on the beginning of learning cyber security.
I have basic knowledge of blockchain. As I understand, it is impossible to hack and steal info as it has advanced keys. But recently I have looked through some forums and found some threads about hacked DEXs and assets leaking.
Do you think blockchain is 100% safe?
Please share your knowledge.
Blockchain is safe if it's popular among people. Almost impossible to do 51% attack to change information in blockchain if this blockchain popular and installed on lots of computers.

Offline pedangrusak

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Re: Insecure blockchain
« Reply #12 on: November 21, 2018, 01:05:43 PM »
decentralization has a higher level of security than centralization or server side, but absolute security on the network is not possible so we must be careful about crypto usage that we have
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Offline tamango

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Re: Insecure blockchain
« Reply #13 on: November 21, 2018, 01:31:37 PM »
blockchain technology is safe, the problem is when this tech is used with other things like in decentralized exchanges with usage of DNS for example (this was an exploit used by hackers to steal money from etherdelta dex exchanges months ago).
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Offline AltLogan

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Re: Insecure blockchain
« Reply #14 on: November 22, 2018, 01:22:10 PM »
in my opinion the blockchain technology is very safe, because, to be able to break into this technology, hackers must break into many validated servers. Because, the blockchain system uses a distributed (decentralized) server system. Not using a centralized server system as applied to the data center (data center).

you think hackers are not able to break many validated servers?

 

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