Marina Schwarz + 1,576 January 29, 2018 Cryptocurrency Markets Are Juicy Targets for Hackers I will immediately admit to my cryptocurrency ignorance but weren't cryptocurrencies tied somehow to blockchain, which is being praised for its security? Quote Share this post Link to post Share on other sites
Rodent + 1,424 January 29, 2018 Yeah, I don't get that either, Marina. It was my understanding of the blockchain that the blocks, which contain unique hash codes in each block, which refer to the previous block, would make it nearly impossible to hack. Quote Share this post Link to post Share on other sites
TraderTate + 186 TS January 29, 2018 The blockchain itself is a much bigger thing than just cryptocurrency. We're talking about two different things here. The blockchain is a secure and transparent ledger. It's the backbone of cryptocurrency, it's not cryptocurrency itself. Once the crypto coin is owned and stored, it's vulnerable to hacking. Quote Share this post Link to post Share on other sites
Vlad Kovalenko + 115 VK January 30, 2018 Although the cryptocurrency is the future cases like this don't provide much confidence in them. They need much more to safeguard the assets. Quote Share this post Link to post Share on other sites
Adam Varga + 123 AV January 30, 2018 Wait, this latest hack in Japan, doesn't it involve only NEM? Why would it affect BTC? Quote Share this post Link to post Share on other sites
Selva + 252 SP January 30, 2018 Because all alt coins are based on the prices of bitcoin, ethereum,... Only the main coins have a fiat pairing. Everything else is a price fluctuates with it's paired main coin. Quote Share this post Link to post Share on other sites
Marina Schwarz + 1,576 January 30, 2018 6 hours ago, Adam Varga said: Wait, this latest hack in Japan, doesn't it involve only NEM? Why would it affect BTC? No one's saying it would. They're just warning that there will be more such attacks, not confined to one cryptocurrency. So, it's a matter of time, basically, the message goes. Quote Share this post Link to post Share on other sites
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