Neeext

in #bitcoin5 years ago

And there goes another "Hack"

Unless you have been hiding, you have heard of the supposed hack (at a convenient time) of the Binnance Exchange (not largest exchange as most claim). But the real story was that the exchanges originator "CZ" decided to say that by rolling back the BTC blockchain they could recoup the 7,000 missing BTC.

Well that would constitute so many difficulties that it would kill the Bitcoin Blockchain as faith in this "Immutable" blockchain would instantly evaporate. Now is this even possible, yes but far fetched for sure... but that does not reconcile that fact that it is possible to pool and 51% attack the chain.

That is why (although most may think), BTC is not the most secure cryptocurrency of all. And you can imagine if BTC could be attacked or "rolled back", two things occur to the mind; first is, that one day it just may happen and second that you need to own some of the most secure crypto... Digibyte. This is especially true now that privacy (Dandelion) and consistently changing algorithm (Odocrypt) being one of 5 algos used (no 51% here folks), has been adopted into DGB.

Security is Everything

And with smart contracts coming to DGB as well, maybe rethink Etherum and Steem (STO's) holdings. Without safety a crypto is not worth holding.


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security is what they always focused on but still they failed in that

It's an Exchange... and no one should trust them as they are first almost all "Fractional Reserve" platforms (just like the Banks we are trying to escape. And they are almost all involved in manipulation of one type or another, for traders they are supposed to be smart, if they get caught, oh well that is the risk of the game. #ProofofKeys hold it in your hands is the only security you can actually count on.

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