Kakashi2020 Posted May 30, 2018 Share Posted May 30, 2018 I just want to know your opinion on whether the Bitcoin Network is impervious to cyber attacks, and if it's glitch free? Because there's no such thing as a glitch free network nor an impenetrable system. So what happens if the network suffers an attack and gets damaged? Quote Link to comment https://slingbank.com/forums/topic/537-is-the-bitcoin-network-impervious-to-attack-and-is-it-glitch-free/ Share on other sites More sharing options...
Jasonn Posted May 31, 2018 Share Posted May 31, 2018 (edited) It would depend on the level of security and that would involve type of wallet. Anyway, as you'd expect a wallet totally offline will have the best security - but I think it would be annoying. So what kind of wallet do you all feel is best for you? Quote So what happens if the network suffers an attack and gets damaged? I guess nothing would happen unless the victims had insurance. Edited May 31, 2018 by Jasonn Quote Link to comment https://slingbank.com/forums/topic/537-is-the-bitcoin-network-impervious-to-attack-and-is-it-glitch-free/#findComment-937 Share on other sites More sharing options...
Martinsx Posted June 4, 2018 Share Posted June 4, 2018 Remember that Bitcoin is the first blockchain technology we had in cryptocurrency and it was launched in 2009 but the errors in Bitcoin blockchain led to the rising of other cryptocurrency which all sought to correct the flaws in the Bitcoin network which cyber hacks was one of them. So therefore, for the fact that we have other cryptocurrency today is as a result effort to improve on the security of the blockchain technology. Quote Link to comment https://slingbank.com/forums/topic/537-is-the-bitcoin-network-impervious-to-attack-and-is-it-glitch-free/#findComment-1054 Share on other sites More sharing options...
Steve5 Posted June 5, 2018 Share Posted June 5, 2018 I don't know. But it seems really stable right now. I'm sure those who invest big money in it know its worth. So just keep investing where you're sure to grow your money. Quote Link to comment https://slingbank.com/forums/topic/537-is-the-bitcoin-network-impervious-to-attack-and-is-it-glitch-free/#findComment-1081 Share on other sites More sharing options...
EfficientNinja Posted June 13, 2018 Share Posted June 13, 2018 If there are attacks, the network could get slow and might have wrong data sent to other addresses in the network. These are only my assumptions because I don't know much on how the block-chain works behind the scenes. Some of the known security flaws of Bitcoin seems to be already addressed by Ethereum. Quote Link to comment https://slingbank.com/forums/topic/537-is-the-bitcoin-network-impervious-to-attack-and-is-it-glitch-free/#findComment-1228 Share on other sites More sharing options...
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