The fact that Bitcoin is purely code can easily lead to people thinking that it’s hackable just like any other software out there. This is, in fact, not the case due to Bitcoin’s distributed nature:

Note: This is not financial advice. You should consult your accountant or your financial advisor for any decisions you make.

Read the explainer by Relai at: https://relai.ch/can-bitcoin-be-hacked/

Ledger - Crypto Beginners Pack

If you are new to Bitcoin and know that it’s digital money that “lives” on the Internet, you may be wondering, “Can Bitcoin be hacked?”

In this guide, we will answer that question.

Bitcoin and Security: Can the Bitcoin Network be Hacked?

No, Bitcoin is considered hack-proof. 

The reason why it’s essentially impossible to hack the Bitcoin network is because of its decentralized nature that prevents the Bitcoin blockchain from having a single point of failure.

Read the rest of the article.

BullionVault

0 Comments

Leave a Reply